Contingency fund

We are a firm specializing in contingency fund studies, and our experts are members of a recognized professional order, as required by Bill 16.

The contingency fund covers the cost of major repairs and the replacement of the common portions of your building. The study inventories every building component and plans ahead for the financing of major work you may need to carry out in the future.

Your contingency fund study begins with a general inspection of the common portions by our team. You will need to provide a few key documents, such as the architectural plans and the history of work done on your building, along with other relevant information. We will guide you every step of the way.

Together, these steps give you a complete program, including the maintenance log, for asset maintenance that is far more thorough and reflects the reality of your building.

The new Bill 16

Before Bill 16, the standard was a minimum contribution to the contingency fund of 5% of common expenses. Experts in the field widely recognized this rule as clearly insufficient. Many condominiums ran into serious problems, facing a severe shortage of funds when major building components had to be replaced.

Initially adopted in December 2019, with its regulations coming into force in August 2025, the law introduces new provisions on building maintenance and makes a contingency fund study mandatory. This more comprehensive analysis gives the syndicate of co-owners an overall picture and several possible contribution scenarios to ensure the long-term sustainability of the building.