Condo Media - September 2017 - 32
READY OR NOT, HERE IT COMES!
inches, scaling up from there at specified increments-four to six inches,
eight to ten, etc.
n A flat fee, based on the contrac-
tor's estimate. If the contractor
underestimates, the association gets a
break, paying for less service than the
contractor provides. If the contractor
over-estimates, the association pays
for services it doesn't need.
n A hybrid. The contractor quotes a
seasonal fee for a specified amount of
snow and specifies a charge for every
inch above that base amount. More
associations seem to be choosing this
option, which offers some predictability and (on a multi-year contract)
the opportunity to average costs over
several seasons. David Abel, CMCA,
executive director of property management at FirstService Residential
explains: "You can either reconcile
"It's a lot better to have money left over at the end
of a season than to go back to owners and tell them,
'We didn't budget enough.'"
-Robert Keegan, CMCA, AMS, PCAM,
Vice President of Residential Management at Dirigo Management Company
debits or credits annually, or keep
rolling them over until the end of the
contract term. You're not eliminating the risk of huge swings from one
winter to another, unless you're very
lucky," he says, "but you are mitigating
them. And the more years you do this,
the closer to the average you will be."
Some industry experts suggest
reviewing snowfalls over several years,
and then budgeting based on the average.
That approach can work well, Robert
Keegan, CMCA, AMS, PCAM, vice
president of residential management at
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32
CONDOMEDIA
Dirigo Management Company, says-
"as long as you don't underestimate
Mother Nature.
If the average is 15 snow events," he
suggests, "you want to budget for 20.
It's a lot better to have money left over
at the end of a season than to go back to
owners and tell them, 'We didn't budget
enough.'
n NENA GROSKIND IS PRESIDENT
OF ECONTENTPLUS, PROVIDING
EDITORIAL CONTENT FOR
WEBSITES, PRINT AND ELECTRONIC
NEWSLETTERS, AND MAGAZINES.
http://www.ccaco.com
http://www.ccaco.com
Condo Media - September 2017
Table of Contents for the Digital Edition of Condo Media - September 2017
Table of Contents
Condo Media - September 2017 - Intro
Condo Media - September 2017 - BB1
Condo Media - September 2017 - BB2
Condo Media - September 2017 - Cover1
Condo Media - September 2017 - Cover2
Condo Media - September 2017 - Table of Contents
Condo Media - September 2017 - 2
Condo Media - September 2017 - 3
Condo Media - September 2017 - 4
Condo Media - September 2017 - 5
Condo Media - September 2017 - 6
Condo Media - September 2017 - 7
Condo Media - September 2017 - 8
Condo Media - September 2017 - BB3
Condo Media - September 2017 - BB4
Condo Media - September 2017 - 9
Condo Media - September 2017 - 10
Condo Media - September 2017 - 11
Condo Media - September 2017 - 12
Condo Media - September 2017 - 13
Condo Media - September 2017 - 14
Condo Media - September 2017 - 15
Condo Media - September 2017 - 16
Condo Media - September 2017 - 17
Condo Media - September 2017 - 18
Condo Media - September 2017 - 19
Condo Media - September 2017 - 20
Condo Media - September 2017 - 21
Condo Media - September 2017 - 22
Condo Media - September 2017 - 23
Condo Media - September 2017 - 24
Condo Media - September 2017 - 25
Condo Media - September 2017 - 26
Condo Media - September 2017 - 27
Condo Media - September 2017 - 28
Condo Media - September 2017 - 29
Condo Media - September 2017 - 30
Condo Media - September 2017 - 31
Condo Media - September 2017 - 32
Condo Media - September 2017 - 33
Condo Media - September 2017 - 34
Condo Media - September 2017 - 35
Condo Media - September 2017 - 36
Condo Media - September 2017 - 37
Condo Media - September 2017 - 38
Condo Media - September 2017 - 39
Condo Media - September 2017 - 40
Condo Media - September 2017 - 41
Condo Media - September 2017 - 42
Condo Media - September 2017 - 43
Condo Media - September 2017 - 44
Condo Media - September 2017 - 45
Condo Media - September 2017 - 46
Condo Media - September 2017 - 47
Condo Media - September 2017 - 48
Condo Media - September 2017 - 49
Condo Media - September 2017 - 50
Condo Media - September 2017 - 51
Condo Media - September 2017 - 52
Condo Media - September 2017 - 53
Condo Media - September 2017 - 54
Condo Media - September 2017 - 55
Condo Media - September 2017 - 56
Condo Media - September 2017 - 57
Condo Media - September 2017 - 58
Condo Media - September 2017 - 59
Condo Media - September 2017 - 60
Condo Media - September 2017 - 61
Condo Media - September 2017 - 62
Condo Media - September 2017 - 63
Condo Media - September 2017 - 64
Condo Media - September 2017 - 65
Condo Media - September 2017 - 66
Condo Media - September 2017 - 67
Condo Media - September 2017 - 68
Condo Media - September 2017 - 69
Condo Media - September 2017 - 70
Condo Media - September 2017 - 71
Condo Media - September 2017 - 72
Condo Media - September 2017 - Cover3
Condo Media - September 2017 - Cover4
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