At the beginning of the year, owners know what maintenance is planned and what the expected costs will be. This improves the unpredictability of the old ‘NZW post-calculation’ model. You only pay for work carried out in the year in question. This is in contrast to the MJOP, where you are effectively saving for maintenance that may be further in the future. The work and budget are discussed and agreed annually with a delegation of owners, the sounding board group.