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March 23, 2024
What Can You Expect?
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INDUSTRY EXPERT
Our Industry Experts present on topics relevant to you and address the challenges that you will face on your property development journey
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REAL DEAL
These are members of the community presenting their own deals, showcasing the good / bad and the sometimes 'ugly'
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MASTERMINDING
Our very unique Masterminding process where we help you to overcome your current challenges so that you can achieve a successful return
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+ NETWORKING
Don't forget the after meeting drinks...where many a JV partnership is found and at times this part can go for as long as the formal meeting, so be sure to get a 'leave pass' to join us!
Saturday - March 23
Payment Security Pitfalls (Moray & Agnew) & Dual Occupancy (Stan Lee)
Bringing together the collective knowledge & experience of your local community to assist you in progressing on your Property Development journey.
In-Person: 1:30 pm (Sydney time) to 'Mingle With The Expert'
Virtual: 2pm (Sydney time)
In-Person: 1:30 pm (Sydney time) to 'Mingle With The Expert'
Virtual: 2pm (Sydney time)
Moray & Agnew Lawyers - Joshua Murgatroyd
Joshua Murgatroyd is a commercial lawyer with a particular focus on construction law, security of payment legislation and commercial dispute resolution. Uniquely, he has over five years of on-site construction experience and relies on the knowledge developed during this period to identify and overcome the unique risks and issues presented to projects. He also has in-house experience in a top-tier engineering company, working on some of Australia's largest infrastructure disputes. This experience has given him significant legal and commercial exposure to high-value and high-risk projects.
Moray & Agnew have one of Australia's largest disputes and litigation teams with the experience to achieve the optimum client outcomes. Their Construction & Projects team advise on all aspects of construction and infrastructure law, providing expert advice on all stages in the construction cycle. Drawing on a wealth of experience, their highly skilled lawyers understand the unique objectives of the diverse participants in the industry and appreciate the commercial imperatives and finer technical issues necessary to contribute to successful construction and infrastructure projects.
Moray & Agnew have one of Australia's largest disputes and litigation teams with the experience to achieve the optimum client outcomes. Their Construction & Projects team advise on all aspects of construction and infrastructure law, providing expert advice on all stages in the construction cycle. Drawing on a wealth of experience, their highly skilled lawyers understand the unique objectives of the diverse participants in the industry and appreciate the commercial imperatives and finer technical issues necessary to contribute to successful construction and infrastructure projects.
Industry Expert
Payment Security Pitfalls
Have you heard about the Security of Payment legislation?
It’s important - This legislation can single-handedly DESTROY your project!
A lack of understanding regarding Security of Payment legislation can lead to serious ramifications for your project and leave you liable for tens, if not hundreds of thousands of dollars in unfounded claims brought by builders! Don't fall victim to costly mistakes!
Join us for this eye-opening presentation by Joshua Murgatroyd from Moray & Agnew Lawyers, as he addresses some critical knowledge gaps about the Security of Payment Legislation in the construction industry:
1. Overview of the Security of Payment legislation across jurisdictions.
2. The relationship between Security of Payment legislation and your construction contract.
3. Best practice when responding to a payment claim.
4. An overview of the adjudication process.
5. A case analysis.
Common Ramifications:
- Liability for unfounded claims, leading to financial losses.
- Complex and expensive construction litigation proceedings.
- Time-consuming efforts to recover overpayments.
If you ever find yourself in a situation where you are not intending to pay 100% of your builder's claim – you NEED TO KNOW about this!
Come along to this Meetup to gain valuable insights to safeguard yourself from falling foul of this little-known piece of legislation!
Have you heard about the Security of Payment legislation?
It’s important - This legislation can single-handedly DESTROY your project!
A lack of understanding regarding Security of Payment legislation can lead to serious ramifications for your project and leave you liable for tens, if not hundreds of thousands of dollars in unfounded claims brought by builders! Don't fall victim to costly mistakes!
Join us for this eye-opening presentation by Joshua Murgatroyd from Moray & Agnew Lawyers, as he addresses some critical knowledge gaps about the Security of Payment Legislation in the construction industry:
1. Overview of the Security of Payment legislation across jurisdictions.
2. The relationship between Security of Payment legislation and your construction contract.
3. Best practice when responding to a payment claim.
4. An overview of the adjudication process.
5. A case analysis.
Common Ramifications:
- Liability for unfounded claims, leading to financial losses.
- Complex and expensive construction litigation proceedings.
- Time-consuming efforts to recover overpayments.
If you ever find yourself in a situation where you are not intending to pay 100% of your builder's claim – you NEED TO KNOW about this!
Come along to this Meetup to gain valuable insights to safeguard yourself from falling foul of this little-known piece of legislation!
Stan Lee
Stan Lee has been a property developer for several years. Like many, he started in Property Investing but wanted to manufacture higher returns rather than just wait for the market to go up. He shares his philosophy that every development needs to be built with heart and soul. Whether it’s a 1-into-2 or 1-into-5 development, each development has a story to tell. His latest development is a premium tri-level duplex in the leafy upmarket suburb of Epping.
'Real Deal' Presentation
Dual Occupancy
686 sqm, R2 Low Density Residential, Epping, City of Parramatta, New South Wales
Getting funding for a project can be tricky at the best of times! Throw in a change in lending standards post-Banking Industry Royal Commission… it caused big hurdles for Stan with this project!
Luckily Stan was able to secure a fixed-price 2020 build contract, sidestepping Covid-19 supply issues and price hikes, which paved the way for a relatively smooth 15-month construction despite navigating multiple Covid-19 lockdowns.
However, there were also several stumbling blocks along Stan’s path with this project:
- Stormwater Engineer couldn’t work with the Architect’s 3-storey design.
- Major bank valuation for construction was much lower than expected.
- Changing lending standards post-Royal Commission posed additional hurdles.
- Unforeseen costs emerged, including soil contamination issues during excavation.
- Navigated construction amidst COVID-19 lockdowns and restrictions, with last-minute curveballs affecting sales results!
Join us as Stan Lee reveals the behind-the-scenes story of this high-end build project, offering invaluable insights and lessons learned along the way to achieving the second-highest price for a Dual Occupancy in Epping!
Don't miss this opportunity to gain firsthand knowledge from a seasoned developer!
686 sqm, R2 Low Density Residential, Epping, City of Parramatta, New South Wales
Getting funding for a project can be tricky at the best of times! Throw in a change in lending standards post-Banking Industry Royal Commission… it caused big hurdles for Stan with this project!
Luckily Stan was able to secure a fixed-price 2020 build contract, sidestepping Covid-19 supply issues and price hikes, which paved the way for a relatively smooth 15-month construction despite navigating multiple Covid-19 lockdowns.
However, there were also several stumbling blocks along Stan’s path with this project:
- Stormwater Engineer couldn’t work with the Architect’s 3-storey design.
- Major bank valuation for construction was much lower than expected.
- Changing lending standards post-Royal Commission posed additional hurdles.
- Unforeseen costs emerged, including soil contamination issues during excavation.
- Navigated construction amidst COVID-19 lockdowns and restrictions, with last-minute curveballs affecting sales results!
Join us as Stan Lee reveals the behind-the-scenes story of this high-end build project, offering invaluable insights and lessons learned along the way to achieving the second-highest price for a Dual Occupancy in Epping!
Don't miss this opportunity to gain firsthand knowledge from a seasoned developer!
Pricing & Ticket Options
Pricing & Ticket Options
'Existing Annual Member' (Included for you, simply RSVP below)
'Casual Attendee' ($25 for 1 meeting only)
'Annual Member' ($250/year)
OR.....If it's your FIRST TIME
You can trial our PDN Annual Membership for JUST $1!
'Existing Annual Member' (Included for you, simply RSVP below)
'Casual Attendee' ($25 for 1 meeting only)
'Annual Member' ($250/year)
OR.....If it's your FIRST TIME
You can trial our PDN Annual Membership for JUST $1!
March 23, 2024
**Space Is Limited - RSVP NOW**
Partners & Affiliates
Partners & Affiliates
