SPECIAL GBM – 17TH APRILMont Vert Dieu – Managing Committee

BUILDER’S PROPOSAL

To renovate the MVD society completely and give a new look

Builder wants us to share the expenses only for the painting of the buildings

~ 50% of the total expenses capped at 10 lacs

CURRENT FACTS

Our funds position

3 Quotes received for painting Only for building = more than 20 lacs Other examples – Sai Vihar spent 20 lacs, MV – 1 spent

more than 20 lacs for painting

Type of Funds

Budgeted min

Actual

Repairs and Maintenance

~ 15 lacs ~ 18.5 lacs

Sinking Fund ~ 5 lacs ~ 6.5 lacs

WHAT DO WE GET IN RETURN

Painting done for Building exterior Building internals – Passage near lifts, ducts,

staircase Parking area / ceiling Club house (internal / external) Swimming Pool walls Compound walls

Life of the paint – 7 to 10 years

WHAT DO WE GET IN RETURN

Other Renewed club house with new equipments Renewed water filtration plant Water recycling plant Improved fencing (barbed wire + increase

height) Repair of inter-blocking tiles in the premises Swimming pool externals Extra water lines + additional boring water(Ref the list of 18 activities)

Better valuation for the society

IMPORTANT QUESTIONS

Is the builder un-reasonable? May be – he is getting benefited as he has 50% of his

inventory yet to be cleared for C building Should we worry about it?

No, we should only look at benefits we get in return for the price we are paying

Can we simply refuse to pay? Yes, we can… In that case, he will do a very superficial

job in everything… We will be forced to take up the activities ourselves

within the next 2 years anyways