1) What does a Managing Agent do?
An appointed Managing Agent (MA) shall have and may exercise all powers, duties, and functions of the chairperson, secretary, treasurer or the council of the management corporation except the power of signing cheques under the delegation of duties and responsibilities in section 67 of BMSMA (Revised Edition 2008).

 

2) What is the scope of duties and responsibilities of a Managing Agent?
(a) Day to Day Operations: Smooth functioning of the estate’s cleanliness, security, safety, landscape, pest control, swimming pool, refuse disposal, routine repairs & maintenance, scheduled maintenance works etc;

(b) Administration: Cash/Cheques management and collection, facilities booking, vehicle parking matters, term contracts management, council meetings, audit, AGM/EOGM planning, licences renewal, statutory compliances etc;

(c) Finances: Monthly financial statements; monitoring of cash flow, budget projection schedule renewal of fixed deposits, arrears management & monitoring, financial control etc;

3) Must a Managing Agent be accredited?
Accreditation is not mandatory officially. It is voluntary and is non-binding on a MA company to observe its own grade of accreditation when biding for project assignments. A Grade B company is free to participate in a big estate if invited by the MCST council. There are many One-Man-Operations (OMO) companies whom are not accredited but are managing big condo projects, too.

 

4) How do we compare one Managing Agent from another Managing Agent?
The comparison must be justifiable based on the man on site’s experience, the teamwork support by the company, the staff’s satisfaction and the stability of the company. 60% of a good MA depends on the site staff and 40% depends on the company’s support. With both working hand in hand, it will make a good MA for MCST to work with, in long term relationship. It does not make any reasonable conclusion when comparing an established MA company with years’ market existence with a new set up OMO MA Company who has little or no overheads. At the end of the day, it is how responsive, efficient and knowledgeable the person on site is.

5) How to choose a good Managing Agent? (According to us)

1. Its commitment and consistency towards clients;
2. Its financial standing and stability;
3. Its market reputation and corporate image;
4. Its MCST/BMSMA knowledge and competence;
5. Its technical support and competence;
6. Its transparency in all works done;

6) Why choose Savant Property Management?
Savant Property Management Pte. Ltd. believes in consistency, sincerity and commitment. We are committed to providing quality property management with established infrastructure and encompassing capabilities in
1. Technical Management
2. Defects Management
3. R & R Works & Project Management
4. In-depth understanding and knowledge of MCST management and building services management;
6. A highly committed support from HQ with in-house accountant
7. Established procedures and SOPs in line with market best practices.

7) What are Savant Property Management commitments to Clients?

Full compliance with all statutory requirements under BMSMA;

Knowledge of MCST and other building management related legislation is a must.

In Savant Property Management Pte. Ltd., we are a team of experienced and qualified professionals who are specialists and experts in our industry. Together with our listed panel of contractors, we will provide clients with the accurate advise.