Re: [UTOPIA] Re: MOM WITH RADIUS 2ND OCT 2017

[Manish Pratik]

Dear Afsir and Ashu,

I am addressing my response to two of you because I feel your query is genuine and also Ashu since you have worked in BoM on these aspects in the process of negotiating HoTo you have better understanding of such things like billing system of Radius.

While doing HoTo we had taken a broad call not to change suppliers for atleast next year or, so depending upon the duration of existing contracts. Reasons were obvious first of all HoTo itself was a very complex process, we did not want to rock the boat particularly those areas which were functioning smoothly. Secondly due to the existing political scenario of our complex change of vendors could have caused more controversies, so except FMS - Nimbus all existing suppliers with ongoing terms and conditions were continued with. Many suppliers as usual tried to increase AMC costs but we made sure most of them mantain status quo.

Changing vendor for billing system which is the most important aspect of society management had the potential to cause huge problems if experimented with a new supplier that too at a critical juncture like HoTo. Market information also said Radius to be the most reliable one at that point in time. May be now we have more and cheaper options available but at the same time I hope we are comparing apples to apples and not apples to oranges. Radius is a cloud based prepaid wireless system with facilities like app etc I am not sure if other options we are talking about have similar features. Having said so current BoM must work on exploring the market if they can find better vendor / facilities at a cheaper cost they are most welcome to change. My only request here would be not to downgrade any service in our efforts to bring down cost. That should be the thumb rule for all vendors.

Similarly another issue of segregating common area maintenance cost and apartment maintenace to bring down certain apartments below Rs 5000/- level to save Service Tax was also considered. If I recall correctly Mr Prabhakar had suggested this method on the forum. We had discussed the matter with existing CA at that point in time who recommended not to go ahead with it as he thought it to be a grey area which could cause enquiries from ST dept. I remember discussing this matter with  Mr D K Mishra as well. Now since it has been implemented I am sure FC / BOM would have done the due diligence and thought through it.

Lastly all those who criticise HoTo I hope they realise we are able to look into these aspects like suppliers contracts, billing systems, methodoligies, projects because they are finally under our control. Had we not done HoTo we would have continued to be at the mercy of builder who would have increased maintenance cost much above current levels by now. Radius is one example where we can cut costs, there were bigger losses which we were making in things like Interest on IFMS where builder was enjoying on our funds. Today we have balance sheet with crore plus profit where interests from IFMS and contingency funds have contributed significantly.

Trust I am able to answer your query.

Thanks,

Manish

On 6 Oct 2017 17:54, "afsir ahmad af...@yahoo.com [eldeco-utopia-sector-93a-noida]" <eldeco-utopia-sector-93a-noida-no...@yahoogroups.co.in> wrote:

 

Thanks for sharing the MoM and also bringing out certain facts which were not in public domain.

Reference the following extract from the MoM

"

Yes, generally the service charges are not so high. However, in our case, this is due to the fact that as per agreement Radius is allowed to recover its initial capital cost on metering infrastructure etc. alongwith monthly charges. Radius informed that Meters which are installed in EldecoUtopia premises had been installed by them. Though the residents have paid for it to EIPL but EIPL has not paid the cost of the same to Radius and Radius has been recovering the cost of the same from the residents of Utopia by charging monthly rental at a premium. Hence the charges levied on AURA are higher than usual.

This clause was in the original agreement executed between Radius and EIPL when EIPL was maintaining the complex. A copy of such agreement shall be provided to AURA for its review, understanding and records.

"

How is it that at the time of Ho/To the above was missed out. I believe this has now come into the public domain only because of better due diligence. 

Earlier EIPL took the residents for a ride and later with the completion of Ho/To, AURA BoM continued the practice. I believe is a serious lapse. Thanks again for confronting RADIUS.

Regards

Afsir

On Friday, 6 October 2017 5:12 PM, UTOPIA SocietyConnect <not...@societyconnect.in> wrote:

NOTICE Date: 06-Oct-2017 Dear Residents,   The MOM of Finance Committee meeting held on 2nd Oct is attached for your reference.    R P Arya Secretary, BOM, AURA  +919810117545         Download Mobile App Follow Us On          For any Mobile App related assistance  sup...@societyconnect.in         0124 4108277 © 2015-17 SocietyConnect™. All rights reserved.

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Posted by: afsir ahmad <af...@yahoo.com>

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