Reserved Fund Study (RFS) as per RERA Guidelines Dubai Gate 1

Services

Posted On: May 20, 2025

Closing On: May 27, 2025

JOB REFERENCE:

JB007-25-01507

SOW Reserved Fund Study (RFS) as per RERA Guidelines

Detailed Asset Register and Tagging

Reserve Fund Initial Set-up to Mollak

The study aims to connect the Reserve Fund Study with the Mollak system in a specific format.

Ensure that the study adheres to all relevant RERA guidelines and regulations.

Upload into Mollak System the full report as per RERA’s requirements

Conduct a comprehensive assessment of the current condition of assets.

Evaluate the remaining useful life of assets.

Determine the estimated replacement cost for assets with consideration given to external

Update the Reserve Fund Study’s asset list in line with the new RERA requirements.

Conduct a comprehensive assessment of the current condition of assets.

Evaluate the remaining useful life of assets.

Determine the estimated replacement cost for assets with consideration given to external

factors.

Calculate the reserve fund requirements for assets.

inspections, condition assessment, life cycle analysis and sinking fund appraisal.

Calculate the reserve fund requirements for assets.

Terms & Condition

Payment will be done after work completion upon submitting the invoice along with work completion/service reports/warranty certificates.

No Subcontracting: In accordance to Jointly Owned Property Law No.6,2019, Notwithstanding anything in this Agreement, the vendor/contractor may not use any subcontractor to perform any of his obligations under this work order. Unless:

(a) Vendor has obtained the prior written consent of SAGA to the use of the subcontractor, and

(b) Vendor has entered into a separate written agreement with the subcontractor which requires the subcontractor to agree to and abide by all the terms and conditions of this Agreement.

The Community shall be deemed to be a third-party beneficiary of any such agreement between the vendor and a permitted subcontractor.

Notwithstanding the foregoing, the vendor shall not be relieved of any of its duties or obligations under this Agreement as a result of entering into a written agreement with a permitted subcontractor.

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SAGA International

Dubai Gate 1 Jointly Owned Property

Residential

Dubai Gate 1 Cluster Q Jumeirah Lakes Tower, Dubai, United Arab Emirates