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Reserve Fund Study Specialist

1.00 to 10.00 Years   Dubai, United Arab Emirates   03 Jun, 2023
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryCivil Engineering
Functional AreaNot Mentioned

Job Description

Carry out a Full Reserve Fund Study to form a Fund Expenditure Report and up to 30 years Funding plan with key deliverables:- Identification of building components for reserve fund study.- Life cycle Cost Analysis based on inventory, qualification and inspection of the buildings assets and common elements.- Future Reserve Fund Expenditure Report and Cash Forecast based on current asset conditions.- Defined Capital Expenditure and Draw-down Policies of the Association.- Cost Analysis and Cash Allocation schedule for future asset repairs and replacements.- Observed condition estimates for the reserve components, including an estimate of effective age and accrued reserve costs.- Estimates of the remaining years of useful life of reserve components in terms of physical deterioration and functional obsolescence.- Using the above, project current replacement cost estimates at applicable long term inflation rates, to estimate expected future replacement cost estimates.- Review of the present financial situation of the fund, report deficiencies and concerns.- Projection of the value of the current reserve fund requirements compounded at long term interest rates, to how the estimated annual spend required together with remaining the remaining balance.- Calculation of the reserve funding requirements which if invested will be sufficient to fund all future reserve expenditures.

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