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ROCKsolid Savings Review ™

Terms & Conditions

 

1. Eligibility

Open to registered bodies corporate and homeowners’ associations in South Africa comprising a minimum of twenty registered sections/units.

Only trustees duly authorised to act on behalf of the scheme may apply.

The offer is limited to first-time clients of ROCKsolid Risk & Maintenance Management ('ROCKsolid') and its affiliated companies.

 

2. Scope of the Review

ROCKsolid will conduct a review of your scheme's expenses at no upfront cost. The review may include, but is not limited to, the following:

  • Admin Fund expense items.

  • Insurance premium comparisons and re-brokering by our affiliate company MONO.insure Brokers (Pty) Ltd.

  • Utility savings (electricity, water).

  • Maintenance plan optimisation and vendor contract reviews.

  • 'Real savings' means a 'demonstrable reduction in overall costs' for the same or better level of cover/service.

 

3. Savings Determination

Savings are assessed by comparing the scheme’s current expenses against ROCKsolid’s recommended alternatives.

At least R200 (incl. VAT) in average monthly potential savings per registered unit, calculated across the scheme as a whole, shall constitute 'real savings'.

 

4. Exclusions

Schemes already reviewed and optimised by ROCKsolid are excluded.

Savings identified through future projects (e.g. solar installations, prepaid meters, or other energy-efficiency initiatives) shall qualify as real savings, provided they are supported by credible quotations or proposals demonstrating a cost reduction if implemented.

If trustees decline to implement recommendations, ROCKsolid is deemed to have “found” savings, and the guarantee shall be deemed satisfied.

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5. The Guarantee

If ROCKsolid cannot identify real savings (as defined above), no service fee will be charged, and the review will be provided without obligation.

 

6. Limitations

One guarantee per body corporate/HOA.

The body corporate/HOA representatives must furnish ROCKsolid with the requested documentation within 10 working days to establish the savings potential.

ROCKsolid’s determination of savings shall be final and binding, provided it is supported by reasonable evidence, which will be furnished to the trustees upon request.

The guarantee cannot be transferred, exchanged, or redeemed for services.

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