Demystifying Embedded Networks For Owners corporations
Sourcing Independent Advice To Help Owners Make An Informed Choice
When owners at a 60-lot townhouse estate came to us, they had spent years asking their previous strata manager about their embedded network but were always dismissed and ignored. We engaged a specialist consultant to review their agreement and benchmark pricing against alternative providers. The findings were presented in full at the annual general meeting: dismantling the network would save each owner $131 annually, but the estate’s common area electricity was $500 per year cheaper through the embedded network than any market alternative. An alternative was exiting, which would cost $43,000 + GST.
Owners voted to stay with the current provider and the embedded network. For the first time, they understood how the network came to exist, what it costs, and what their options are if circumstances change. They were finally in a position to make an active, informed choice rather than a passive one made for them by a manager who wouldn’t engage.
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