Home        About       News       Library       Contact
1

Pre-Natal Stage (Under 2 years)

The 5 lifecycle stages of buildings, which are identified as follows:

The first life stage of a building occurs up to the end of the first or second year, depending on the types of warranties on the project.

  • Maintenance.  The primary focus at this stage is to conduct the prescribed maintenance to preserve the warranties on the new assets, which also includes inspections to identify any warranty defects. During this stage, some young strata corporations struggle to establish appropriate maintenance procedures, including a full slate of maintenance service contracts and maintenance log-books to demonstrate that the necessary due diligence is being done.
  • Repairs.  Under normal circumstances, the owners should not be incurring any significant costs for repairs during this very young stage of the building’s life. When repairs are necessitated, they can be controversial and may result in disputes with the developer and other parties over whether or not these are covered by the warranties. It is important that the owners receive advice from their consultants on how to differentiate between legitimate warranty defects, normal wear and tear and other such matters.
  • Renewals.  Barring any unusual circumstances, there should not be any asset replacement projects during this early stage in the life of the building. If an asset requires replacement then it has likely occurred as a result of premature failure, misuse or abuse by the owners, force majeure or perhaps some insurable loss.
The “pre-natal” stage essentially ends when the initial one-year, 15-month, and/or two-year warranties have expired. The additional longer-term warranties, such as five- and ten-year warranties, are addressed as part of the building’s transitions into the “childhood stage”.
1

See also:
  • Short-Life Assets
  • Warranty Review
  • Commissioning
  • Handover
  • Planning Horizon
  • Strategic Planning Horizon


(c) Copyright Asset Insights, All Rights Reserved. "Insight, foresight and oversight of assets"