- 01
Property Observer Report
At Muraqib, we prepare a Property Observer Report in accordance with RERA guidelines whenever a major asset in a property is replaced or repaired. This report provides detailed information on the asset’s life cycle, tender specifics, warranties, and other crucial factors. Without this report, Escrow banks wil not release funds to service providers for any work involving Reserve Funds. Once the work is completed, we conduct a thorough survey, review all documents, and issue a status completion report.
- 02
Reserve Fund Study
Muraqib delivers comprehensive Reserve Fund Study reports aligned with RERA guidelines, empowering management companies to strategically plan for future capital expenditures. We assess the current state of key components, project their remaining lifespan, and estimate the funds needed for their repair or replacement. Our detailed reports support the establishment and maintenance of adequate reserve funds, ensuring your property’s financial stability.
- 03
Asset Register and Tagging
We offer professional asset tagging services designed to streamline the management and tracking of all your property assets. Each asset is assigned a unique identifier, enabling efficient inventory management, maintenance scheduling, and lifecycle monitoring. Our asset tagging solutions ensure precise record-keeping and adherence to industry standards.
- 04
Budget / Cost Allocation Service
Our Cost Allocation Study service ensures precise distribution of expenses among units, departments, or stakeholders. By analysing costs related to maintenance, utilities, and operations, we provide a fair and transparent allocation process. This enhances financial planning and correct budgeting, helping property owners maintain equitable and efficient cost management.
- 05
Building Condition Audit
Our Building Technical Audit service delivers a comprehensive evaluation of your property’s physical condition and operational performance. We assess structural integrity, mechanical systems, electrical installations, plumbing, and other critical components, identifying potential issues and offering strategic recommendations for maintenance or repair to ensure the longevity and efficiency of your building
- 06
Snagging and De-snagging
Our Snagging and De-Snagging services ensure your property is delivered in top condition. We identify and document construction defects during the snagging phase, then oversee their resolution in the de-snagging phase. This meticulous process guarantees that all issues a r e addressed before project completion, ensuring a high-quality, problem-free handover to owners and tenants.
- 07
Building Completion Audit
A Defects Liability Period (DLP) inspection is conducted near the end of the developer’s liability period to thoroughly assess the building for any defects or issues. This ensures all necessary repairs are completed before the developer’s responsibility ends. The inspection report is essential when the management c o m p a n y officially takes over from the developer, safeguarding the property’s future condition.
- 08
Condition Index
The Facility Condition Index (FCI) offers a quantitative measure to aid stakeholders-including facility managers, owners, and investors-in assessing a facility’s condition compared to its replacement cost. A higher FCI suggests that the facility is in worse condition relative to its value, while a lower FCI indicates a better condition in comparison to its replacement value.