Forecasting Property Compliance Costs

The Compliance Cost Forecast identifies the cyclical and statutory checks that apply to a property and estimates their future cost.

Open Compliance Cost Forecast

1. Open Properties → List Properties and select the required property.
2. Select the Asset Mgmt tab.
3. Select Compliance Cost Forecast from the secondary navigation.

Before you begin

The property's Year Built must be recorded under Property → Property Details. It provides the starting point for forecasting where no later scheduling information is available.

Apply an Asset Management Profile

Use the profile selector in the Asset Mgmt navigation and select Apply Profile to apply a predefined set of Property Components and Compliance Checks.

Important: Applying a profile replaces the property's existing Property Components and Compliance Checks.

View the forecast

The list shows each Cyclical / Compliance Item together with its Standard Cost, Frequency and Next Scheduled Check.

An Excluded from forecast label means the next scheduled check falls outside the current forecast period, so its cost is not included in the totals.

Update Compliance Checks

1. Select Update.
2. Select the checks that apply to the property.
3. Enter or update the next scheduled date and any property-specific cost or frequency information available on the form.
4. Save the changes.

The forecast uses the selected checks and their scheduling information when calculating future cyclical and compliance expenditure.