Off-Balance-Sheet Propping & Formwork Solutions

Empowering Self-Performing Builders with Financial and Operational Freedom

At Cassaform, we offer a comprehensive range of propping and formwork systems—tailored to slabs, walls, columns, shoring, and back propping—to meet your entire project’s needs. For self-performing builders, our hire solutions are more than just equipment—they’re a financial and operational strategy. By structuring hires for less than 12 months with no significant transfer of ownership, we keep your use of for suspended slab formwork, lift core forms, back propping & column forms off-balance-sheet. This preserves your capital for bank guarantees while eliminating the costs and hassles of storage and maintenance, unlocking new project opportunities. 

Why Off-Balance-Sheet Matters for Self-Performing Builders 

Self-performing builders depend on bank guarantees to secure new contracts, requiring liquidity and a strong balance sheet. Purchasing or long-term leasing propping and formwork systems can burden your finances with assets, liabilities, and ongoing costs, shrinking your guarantee capacity. Cassaform’s hire model turns this around: 

• No Asset Ownership: Use our full range—P300 Vertical System for walls/columns, Slabprops for back propping, or Super Shore Conventional Frames for slabs—without adding owned assets to your books. 
• Expense, Not Debt: Hire fees are operating expenses, deductible when incurred, keeping your debt-to-equity ratio low and appealing to banks.
• Capital for Guarantees: With no balance sheet impact, your funds remain liquid to back guarantees for tenders. 

Under IFRS 16 or ASC 842, hires under 12 months qualify as off-balance-sheet operating leases—delivering the tools you need without financial weight. 

Added Benefits: Savings on Storage & Maintenance 

Hiring from Cassaform goes beyond financial flexibility—it cuts operational costs by removing storage and maintenance burdens: 

• No Storage Expenses: When your project wraps, we retrieve the gear—whether it’s Slabform Modular Formwork or Super-Shore frames. You save on warehouse space, yard fees, or the logistics of storing idle equipment between jobs. 
• Maintenance Off Your Hands: We handle all servicing, repairs, and compliance checks. Our systems arrive ready-to-use, sparing you the expense of labor, parts, or downtime for upkeep. 
• Cash Flow Boost: Eliminating these costs frees up cash for materials, labor, or your next tender, rather than sinking it into equipment management. 

These savings let you focus on building, not babysitting gear, while keeping your finances primed for growth. 

How We Structure Our Propping & Formwork Hires 

Our diverse range of propping and formwork systems supports every phase of your build, and we align hire terms to your project timelines—keeping them under 12 months for off-balance-sheet benefits. Here’s how it works: 

• Tailored Terms: Need our renown blue Slabprops for 6-month back propping or our Super Shore Frames for a 9-month suspended slab? We match the hire to your schedule, then retrieve the gear. 
• No Ownership Transfer: Equipment returns to us at hire’s end—no buyout clauses or ownership risks to complicate your finances.
• Efficiency Built In: Our systems, from lightweight props to robust formwork, are designed for quick setup and takedown, saving time while staying off your balance sheet. 

This keeps your financial flexibility intact, letting you focus on winning and delivering projects. 

The Cassaform Advantage for Self-Performing Builders 

For builders who self-perform, capital preservation is key to growth. Our off-balance-sheet hires across our full propping and formwork range let you: 

• Tackle any structure—slabs, walls, or back propping—with premium systems, free of capital tie-up. 
• Show banks a clean balance sheet, maximizing your capacity for guarantees and bonds. 
• Secure more contracts by keeping funds available for tenders, not fixed in equipment. 

Picture this: You deploy our Slabform Modular Slab Formwork System for a 10-month multi-level project, expensed off-balance-sheet. We take it back, sparing you storage fees, while your bank approves your next guarantee—your business stays agile and ready for more. 

Transferring Ownership Without Jeopardizing Your Balance Sheet 

If our propping and formwork systems become indispensable to your operations, we can offer ownership options that protect the off-balance-sheet status of your initial hire—keeping your capital guarantee-ready. Here’s how: 

Step 1: Short-Term Hire (Off-Balance-Sheet) 

• Hire our Green Formwork suspended slab system for a 9-month multi-level structure. It’s an operating expense, off your balance sheet, preserving your funds for guarantees. 
• Ownership stays with us during the hire—no transfer implied. 

Step 2: Optional Purchase Post-Hire 

• After the hire, choose to buy in a separate deal:
  • Distinct Transaction: The purchase is independent, not linked to the hire, avoiding finance lease reclassification. 
  • Fair Market Value: Pay the system’s current value—no bargain pricing that suggests ownership intent from the start. 
  • Your Decision: Buy if it suits your long-term needs; if not, we take it back, and your balance sheet stays clean. 

Why It Works

Accounting evaluates leases at inception. A hire under 12 months with no ownership intent remains off-balance-sheet. A later purchase impacts your books only when you opt in—not during the hire—safeguarding your capital for guarantees until you’re ready. 

Bringing It All Together 

Cassaform’s full range of propping and formwork systems—from the versatile Modular Formwork System to robust Conventional Systems—drives your builds with precision and efficiency. For self-performing builders, our off-balance-sheet hires under 12 months deliver freedom: freedom to keep your balance sheet light, your capital liquid for bank guarantees, and your operations free of storage and maintenance costs. Want to own the gear later? We’ll structure it to maintain your flexibility until you’re ready. 

Let’s build your next project together. Call us at 1300 745 674 or visit www.cassaform.com.au to create a hire plan that keeps your balance sheet guarantee-ready and your crew on schedule. 

Disclaimer 

The information provided in this document is for general informational purposes only and is not intended to constitute financial, accounting, or legal advice. Cassaform does not guarantee the applicability of off-balance-sheet treatment or any financial outcomes for your specific circumstances. We strongly recommend consulting with your financial advisor, accountant, or other qualified professional to ensure compliance with relevant accounting standards (e.g., IFRS 16, ASC 842) and to assess the suitability of our hire solutions for your business. Cassaform accepts no liability for decisions made based on this information.