Adopt the 'Direct Contract Method' to Counter the Naphtha Shock! Free Consultation Seminar Held on 'New Options' for Soaring Condominium Repair Costs

The General Incorporated Association for Condominium Large-Scale Repair Research will hold a free consultation seminar on large-scale condominium repair construction on Saturday, June 27. It is said that condominium repair costs will soar even further due to the "Naphtha Shock." Concerns have long been pointed out regarding the increase in aging condominiums, soaring repair material prices, and rising labor costs due to labor shortages. However, the current situation has made an increase in construction costs inevitable due to an additional "naphtha shortage." Not only are there condominiums lacking reserve funds for repairs, but many have also seen their reserve funds suddenly jump by 1.5 to 2 times. Even with such increases, the outlook remains uncertain due to "further rises in material prices including naphtha," "predictions of significant interest rate hikes accompanying inflation in the Japanese economy," and "severe labor shortages leading to continuous wage increases." To maintain and improve the asset value of condominiums, meticulous preparation for long-term repair plans is required now more than ever. In large-scale repair construction, the "design supervision method" and the "responsibility construction method" are common contract methods. However, even in the "responsibility construction method," which is purportedly a direct contract with a construction company, kickbacks are actually generated from the management company-recommended construction firm to the management company. Consequently, construction amounts are padded without the management association's knowledge. This is due to the "multi-tiered subcontracting structure" characteristic of the industry. Therefore, the Association for Condominium Large-Scale Repair Research proposes a "direct contract method" that incurs absolutely no unnecessary fees to management companies. At the free consultation, an active condominium manager with experience in handling numerous large-scale repairs via the "direct contract method" alongside management associations will explain the method from a professional perspective. [Event Overview] Date & Time: June 27 (Sat) 14:00 - 15:00 Venue: Lumiere Fuchu, Meeting Rooms 1 & 2 (Fuchu City Civic Center) Address: 2-24 Fuchu-cho, Fuchu-shi, Tokyo 183-0055 Access: Approx. 7 minutes walk from Keio Fuchu Station *Sponsoring Companies: Seiwa Co., Ltd., Niikura Home Co., Ltd., Momijigaoka Kogyosho Co., Ltd., Ikebukuro Condominium Support Center General Incorporated Association, Comtec Co., Ltd. The Association holds free consultation sessions every month. If you are in the Santama area and interested in large-scale condominium repairs, please take advantage of this opportunity. *The May 30 (Sat) session from 10:00 to 11:00 will be held at Tokyo Tama Mirai Messe (Hachioji). Recommended for those interested in: - Why condominium repair reserve funds fall short: Industry structure and issues - Pros and cons of traditional "design supervision" and "responsibility construction" methods - What is the "direct contract method" that reduces the burden on management associations? - How to proceed smartly with large-scale condominium repairs - How to select construction companies and condominium managers - Open Q&A session with a condominium manager This excellent opportunity to hear directly from a condo manager is exclusively held in the Santama area. Please make use of this free consultation. Mitaka City, Chofu City, Fuchu City, Kodaira City, Kokubunji City, Kunitachi City, Nishitokyo City, Hachioji City, Hino City, Tama City, Tachikawa City, Inagi City, Koganei City, Komae City, etc. [Future Schedule Overview] - July 11 (Sat): Chofu City - August 29 (Sat): Mitaka City *Other planned locations include Inagi City (September), Kokubunji City (October), and Tachikawa City (November). ■ About the "Direct Contract Method" The "direct contract method" proposed by the Association is a direct contract between the "Condominium Management Association" and the "Construction Company" in the truest sense. It is a system that generates absolutely no intermediary margins, clarifies the scope of construction responsibility, and guarantees construction quality. By also proposing various systems that can reduce the operational burden on the management association, such as construction verification, we ensure peace of mind for your contracts. ■ About the Condominium Manager Tomoko Goto Representative, TH. Life Planning Labor Management Office Condominium Manager, Specific Social Insurance and Labor Consultant, Second-class Architect Condominium Advisor, Tokyo Disaster Prevention & Architectural Town Planning Center Certified Condominium Manager, Tokyo Condominium Management Association Possesses extensive practical experience in real estate, architecture, and labor management. After working in real estate rental sales and property management, handles condominium renovations and the design of new apartment buildings.