---
title: Expenses have skyrocketed over the last two years
description: Our COA expenses - in addition to insurance - have been skyrocketing during the past two years.
image: https://www.condoassociation.com/hubfs/investment-3247252_1920%20%281%29.jpg
---

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# Expenses have skyrocketed over the last two years

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## What do you think? Question:

This question is submitted by Thomas R. out of Florida

 

Our COA expenses - in addition to insurance - have been skyrocketing during the past two years. Our Board has also given our maintenance staff increases of 20% during the past two years.

I understand the Florida Statute requires associations to get competitive bids from vendors whose costs exceed 5% of the total expense budget. We see three companies that should be vetted, but the board is simply not interested in cutting costs. Any suggestions on how to motivate the board to get competitive quotes?

 

 

Thoughts?

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## What do you think? Answers (4)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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