Dear All,
Recently I'm in receipt of a letter from Matrix annexed with Maintenance bill. This letter is enclosed for your ready reference. Its an endoresement of the yearly maintenance expenses (April-12 to March-13) by the CA S N Doshi & Associates. I'm sure all must have received the same. Not sure if the members represnetative have already taken up the subject matter with the Raheja / Matrix represntatives.
In lack of any inputs and communication, I'm taking liberty to write a brief analysis to bring forth the reality staring us today. Total Maintenance bill for both buildings as per the CA's report is whopping Rs 3894108. i.e approx Rs 39 lakhs ! Extremely high by any standards for a twin building society with no club house and swimming pool.
I checked with Matrix team , they said the attached letter is for one building 1A and same applies for 1B as well. When i asked for certain break-ups and explanations of certain elements (marked in Red in the below table ) thier words were - let the members representative fix up a meeting , we are ready to share all details. We won't share it with each individuals. This is the trigger point for my writing to you all.
Request to take out a moment to reflect. I would urge the representatives to take this up with Matrix so as to get clarity on each elements of expenses. In case this exercise has been already, then we request them to share details with all members.
Thanks for your time and patience and await response.
MATRIX INTEGRATED FACILITIES AND PROPERTY MANAGEMENT PVT LTD |
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STATEMENT OF MAINTENANCE EXPENSES FOR THE PERIOD APRIL 2012 TO MARCH 2013 BUILDING 1A NIBM -PUNE- AN ANALYSIS! |
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Analysis |
S.No |
Nature of Expenses |
Amount for 1A bldg |
TOTAL for 1A&1B BLDGS |
Average Salary/Person/Month (An Approximation) |
No of Person Deployed Per day |
REMARKS |
1 |
Housekeeping services |
148090 |
296180 |
6000 |
4 |
Looks Ok. |
2 |
Engineering services |
125927 |
251854 |
10000 |
2 |
Ok. I think 2 shifts operations / day |
3 |
Security services |
723327 |
1446654 |
7000 |
17 |
Looks High. Could be salary assumption may be wrong. |
4 |
Site staff cost |
240372 |
480744 |
40000 |
1 |
Full time manager for the facility is unwanted & this could be managed on part time basis- 2 half days per week visit for follow-ups. I've already written on this multiple times to Mr Anil and Matrix team. |
5 |
Repairs and Maintenance - Building |
15599 |
31198 |
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Ok. |
6 |
Repairs and Maintenance - P & M |
101744 |
203488 |
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Is this related to Lift & Other AMC? Not sure. |
7 |
Consumables |
35642 |
71284 |
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Is it to do with water Treatment? Not sure. |
8 |
Common area Electricty & others |
548235 |
1096470 |
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We need a split of electricity & water cost. This seems to be very high. Is there a proper record of water receipt & consumptions and also meter for electricity consumption for common areas? |
9 |
Insurance |
8118 |
16236 |
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Ok. |
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Grand Total (in INR) |
1947054 |
3894108 |
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Area in Sq ft |
56715 |
113430 |
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Rate per sqft P.A |
34.33049 |
34.33049458 |
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Rate per sqft P.M |
2.860875 |
2.860874548 |
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Regards,
Navneet Surana
A # 802