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November 9, 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!
Construction Contract Clause Essentials (Spiers Ryan) + 6 Townhouses (Mahsa Solomons)
Bringing together the collective knowledge & experience of your local community to assist you in progressing on your Property Development journey.
Spiers Ryan - Pat Ireland
Pat Ireland is a commercially minded construction lawyer with a deep understanding of the industry, its key risks, and what it takes to achieve your desired commercial outcomes. He has broad experience across the entire project lifecycle. At the front end, Pat is acutely aware of how to ensure you achieve your commercial objectives with contracting processes that meaningfully address real world situations. With experience in negotiating a wide range of standard form contracts, and the ability to craft concise and effective bespoke documents, Pat’s focus is on ensuring the right contract is put in place to clearly reflect the bargain you’ve struck during the tender stage. Throughout the project delivery phase, Pat partners with clients to ensure they understand their contractual rights and obligations, and how to effectively prepare and respond to claims. At the back end, Pat has had great success, and thrives, in all forms of dispute resolution – particularly in the Security of Payment space. Alongside his construction and infrastructure work, Pat also plays a key role in commercial litigation and contentious matters.
Speirs Ryan is an award-winning boutique property and construction law firm with offices in Sydney, Melbourne and Newcastle. They have extensive experience in advising on complex property development transactions and construction contracting, and are perfectly placed to advise developers throughout the entire project lifecycle.
Speirs Ryan is an award-winning boutique property and construction law firm with offices in Sydney, Melbourne and Newcastle. They have extensive experience in advising on complex property development transactions and construction contracting, and are perfectly placed to advise developers throughout the entire project lifecycle.
Industry Expert
Construction Contract Essentials
Does your construction contract ensure that you will get a quality build, in the fastest possible timeframe, for a really cheap price?
Probably not! Let’s face it… there’s no contract that can do all three. In fact, most of the industry’s standard form contracts are heavily weighted in favour of the builder and cause developers to bear the brunt of the key risks (even though most of these risks are within the builder’s control!).
If you don’t get this right, you may face major delays (for which YOU are obligated to pay), cost overruns which eat into your profit, and disputes which drag on and prevent you from capitalising on your investment!
That’s where your Construction Lawyer comes in! They will negotiate the construction contract clauses on your behalf to tip the scales back in your favour!
At this Meetup, we have specialist construction lawyer, Pat Ireland from Spiers Ryan, who will go through key points to be aware of:
- Briefing your construction lawyer on the project.
- What is required before work commences.
- When is the contract start date?
- Defining “Inclement Weather”.
- Delay risk.
- Liquidated Damages & Delay Costs: are they the same thing?
- Variations.
- Latent Condition & Site Condition risks.
- Are builders obligated to manage their supply chain & tradies?
- Procurement models: design & construct versus construct only.
- pricing models – fixed price, cost plus, provisional sums, alternatives.
- Aligning financing obligations with construction contract obligations.
Developers need to be having robust conversations with their building contractors about their expectations prior to signing on the dotted line. Come along to this Meetup to learn how you can get the best possible construction contract for your next project!
Does your construction contract ensure that you will get a quality build, in the fastest possible timeframe, for a really cheap price?
Probably not! Let’s face it… there’s no contract that can do all three. In fact, most of the industry’s standard form contracts are heavily weighted in favour of the builder and cause developers to bear the brunt of the key risks (even though most of these risks are within the builder’s control!).
If you don’t get this right, you may face major delays (for which YOU are obligated to pay), cost overruns which eat into your profit, and disputes which drag on and prevent you from capitalising on your investment!
That’s where your Construction Lawyer comes in! They will negotiate the construction contract clauses on your behalf to tip the scales back in your favour!
At this Meetup, we have specialist construction lawyer, Pat Ireland from Spiers Ryan, who will go through key points to be aware of:
- Briefing your construction lawyer on the project.
- What is required before work commences.
- When is the contract start date?
- Defining “Inclement Weather”.
- Delay risk.
- Liquidated Damages & Delay Costs: are they the same thing?
- Variations.
- Latent Condition & Site Condition risks.
- Are builders obligated to manage their supply chain & tradies?
- Procurement models: design & construct versus construct only.
- pricing models – fixed price, cost plus, provisional sums, alternatives.
- Aligning financing obligations with construction contract obligations.
Developers need to be having robust conversations with their building contractors about their expectations prior to signing on the dotted line. Come along to this Meetup to learn how you can get the best possible construction contract for your next project!
Mahsa Solomons
Mahsa Solomons is a registered architect whose main focus is high-end residential design. Her property development journey started in 2013 when she began to do cosmetic and structural renovations and flip them for a profit. Opportunity called in late 2015, when Mahsa and her husband (architect also and all-round construction guru) came across the Belrose property. When that development came to a close, she decided to set up her own architecture and interiors practice for a few years. She and her husband are currently looking for their next townhouse development project.
'Real Deal' Presentation
6 Townhouses – Seniors Living
1396m2, R2 Zoning, Belrose, Northern Beaches Council, New South Wales
Have you ever been looking for a project, only to find something that was SO MUCH better than what you were originally looking for?
Mahsa and her husband were looking for a structural renovation deal, when they drove past the sale sign for this site. What they didn't realise at the time was that they had stumbled across a UNICORN!
However, to create the end product that was the ‘highest and best use’ of the site meant that they had to be a MARKET MAKER! Because there were no direct comparable sales, this meant that their Commercial Finance valuation came in below their required target! Yikes!!!
And that wasn’t the end of Mahsa’s predicaments:
- The vendor passed away prior to settlement
- Post tender award, the builder struggled to obtain Home Owners Warranty insurance due to the new icare eligibility rules
- Builder made excessive attempts for variations and extension of time claims
- Challenging sales process due to over-55 market
- Increased design and construction liability due to Seniors Living designation
Come along to this Meetup to learn from Mahsa how she set the benchmark for a Seniors Living development in this area!
1396m2, R2 Zoning, Belrose, Northern Beaches Council, New South Wales
Have you ever been looking for a project, only to find something that was SO MUCH better than what you were originally looking for?
Mahsa and her husband were looking for a structural renovation deal, when they drove past the sale sign for this site. What they didn't realise at the time was that they had stumbled across a UNICORN!
However, to create the end product that was the ‘highest and best use’ of the site meant that they had to be a MARKET MAKER! Because there were no direct comparable sales, this meant that their Commercial Finance valuation came in below their required target! Yikes!!!
And that wasn’t the end of Mahsa’s predicaments:
- The vendor passed away prior to settlement
- Post tender award, the builder struggled to obtain Home Owners Warranty insurance due to the new icare eligibility rules
- Builder made excessive attempts for variations and extension of time claims
- Challenging sales process due to over-55 market
- Increased design and construction liability due to Seniors Living designation
Come along to this Meetup to learn from Mahsa how she set the benchmark for a Seniors Living development in this area!
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!
November 9, 2024
**Space Is Limited - RSVP NOW**
Partners & Affiliates
Partners & Affiliates
