Only 17 Days To Go
assignment_returned
RSVP To Join Us
date_range
February 8, 2025
What Can You Expect?
content_copy
INDUSTRY EXPERT
Our Industry Experts present on topics relevant to you and address the challenges that you will face on your property development journey
insert_chart
REAL DEAL
These are members of the community presenting their own deals, showcasing the good / bad and the sometimes 'ugly'
autorenew
MASTERMINDING
Our very unique Masterminding process where we help you to overcome your current challenges so that you can achieve a successful return
people_outline
+ 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!
What If My Builder Goes Broke (KPMG) + Industrial Factory (Mike Krsticevic)
Bringing together the collective knowledge & experience of your local community to assist you in progressing on your Property Development journey.
KPMG - Amanda Coneyworth
Amanda Coneyworth is a Turnaround & Restructuring Partner and Registered Liquidator who specialises in property development and construction. She has deep experience working with developers, builders, lenders and government to manage risk and resolve stressed and distressed projects. Amanda also sits on the Property Council of Australia's Building Regulation Advisory Group.
KPMG Australia has over 5,000 employees and one of Australia's largest Turnaround & Restructuring practices.
KPMG Australia has over 5,000 employees and one of Australia's largest Turnaround & Restructuring practices.
Industry Expert
What If My Builder Goes Broke
Are you knee-deep in a property development project and terrified at the thought of your builder going bust?
Or perhaps you’ve been holding back on starting your next project, overwhelmed by the risks of insolvency in today’s unpredictable market?
The reality is, builder insolvencies wreak havoc on your project resulting in increased costs, time delays and stress for developers. But here’s the good news – with the right knowledge and proactive measures, you can take steps to protect yourself and your project.
Do you know what your rights are when working with insolvent builders and insolvency practitioners, what questions to ask and what options are available to you?
At this week’s Property Developer Network Meetup, we’re tackling this head-on with Amanda Coneyworth from KPMG. Amanda is a seasoned expert in property development and construction restructuring, and she’s here to arm you with the tools to safeguard your projects.
Here’s what you’ll learn:
- Demystifying insolvency and external administration.
- Warning signs of insolvency to look out for.
- What actions can you take to protect yourself and your project.
- The different types of external administrations and what do they mean for your builder and project.
- Working with insolvency practitioners and builders during an insolvency process.
Don’t let fear hold you back! Come along to this Meetup to learn the steps to pro-active communications with your builders and potential insolvency practitioners to support the completion of your project!
Are you knee-deep in a property development project and terrified at the thought of your builder going bust?
Or perhaps you’ve been holding back on starting your next project, overwhelmed by the risks of insolvency in today’s unpredictable market?
The reality is, builder insolvencies wreak havoc on your project resulting in increased costs, time delays and stress for developers. But here’s the good news – with the right knowledge and proactive measures, you can take steps to protect yourself and your project.
Do you know what your rights are when working with insolvent builders and insolvency practitioners, what questions to ask and what options are available to you?
At this week’s Property Developer Network Meetup, we’re tackling this head-on with Amanda Coneyworth from KPMG. Amanda is a seasoned expert in property development and construction restructuring, and she’s here to arm you with the tools to safeguard your projects.
Here’s what you’ll learn:
- Demystifying insolvency and external administration.
- Warning signs of insolvency to look out for.
- What actions can you take to protect yourself and your project.
- The different types of external administrations and what do they mean for your builder and project.
- Working with insolvency practitioners and builders during an insolvency process.
Don’t let fear hold you back! Come along to this Meetup to learn the steps to pro-active communications with your builders and potential insolvency practitioners to support the completion of your project!
Mike Krsticevic
After being a construction lawyer for 23 years, Mike Krsticevic decided to take a career break and build a factory at the request of and for a friend. Mike has a Civil Engineering degree and several years of hands on building experience (with his family) prior to starting a law degree, but had never built something this big before or been solely responsible for every aspect of the build with full responsibility and authority. Since completing the factory development as a contracted project manager, he has opened his own legal practice focused on construction law (predominantly helping clients with drafting, reviewing and negotiating contracts, managing payment disputes through the NSW Security of Payment Act and conducting training for builders and subcontractors).
'Real Deal' Presentation
Industrial Factory
5,150m2, E4 General Industrial Zoning, Minchinbury, Blacktown City Council, New South Wales
You’ve heard Rob say the best way to get into a low or no money down deal is to create a win-win situation with the property owner…
Well, how about this project for a doozy!!!
Mike’s friend owns and operates a joinery business and was searching for a larger premises to move his business to, ultimately finding this site to construct a 3,250m2 factory with 45 car spaces. A huge step up from his existing 650m2 shed!!!
As the Project Manager on this exciting project, Mike was responsible for every aspect of the build with full responsibility and authority… including every engineering detail, every tender and contract, all compliance obligations, dealing with private certifier and Council, etc. YIKES!
Being on site every day meant the complex build went relatively smoothly… HOWEVER he also had to manage all challenges that arose!
- Massive cost overruns (anticipated pre-commencement estimate of cost was $5.8m; final actual cost was $8m).
- $100k cost overrun for rock excavation in basement carpark that did not show up in geotech surveys.
- Council required substation to be installed (meaning every new factory in the surrounding area was required to install a substation, which is not technically necessary but was Council's requirement). Extra $120k.
- Challenging design obligations with respect to hydraulics and civil (stormwater) design due to Council DA conditions (but managed to resolve it with new technology - siphonics).
- Expensive design. In future, might not have done basement carpark (although it did add substantial value).
- Challenges closing out the build to achieve OC, particularly remaining fire compliance obligations, but resolved in the end.
- Odd mistake in scoping work in contracts resulted in additional unplanned costs.
If you’ve ever considered stepping up to larger and more complex projects, then don’t miss this Meetup! Mike will share how he used 3D CAD technology to avoid lots of potential problem areas, and the ins and outs of managing the large scale excavation, heavy (36t) concrete wall panels, 300t crane operations, 45m steel truss spanning internal area of factory, and more!!!
RSVP now to secure your seat!
5,150m2, E4 General Industrial Zoning, Minchinbury, Blacktown City Council, New South Wales
You’ve heard Rob say the best way to get into a low or no money down deal is to create a win-win situation with the property owner…
Well, how about this project for a doozy!!!
Mike’s friend owns and operates a joinery business and was searching for a larger premises to move his business to, ultimately finding this site to construct a 3,250m2 factory with 45 car spaces. A huge step up from his existing 650m2 shed!!!
As the Project Manager on this exciting project, Mike was responsible for every aspect of the build with full responsibility and authority… including every engineering detail, every tender and contract, all compliance obligations, dealing with private certifier and Council, etc. YIKES!
Being on site every day meant the complex build went relatively smoothly… HOWEVER he also had to manage all challenges that arose!
- Massive cost overruns (anticipated pre-commencement estimate of cost was $5.8m; final actual cost was $8m).
- $100k cost overrun for rock excavation in basement carpark that did not show up in geotech surveys.
- Council required substation to be installed (meaning every new factory in the surrounding area was required to install a substation, which is not technically necessary but was Council's requirement). Extra $120k.
- Challenging design obligations with respect to hydraulics and civil (stormwater) design due to Council DA conditions (but managed to resolve it with new technology - siphonics).
- Expensive design. In future, might not have done basement carpark (although it did add substantial value).
- Challenges closing out the build to achieve OC, particularly remaining fire compliance obligations, but resolved in the end.
- Odd mistake in scoping work in contracts resulted in additional unplanned costs.
If you’ve ever considered stepping up to larger and more complex projects, then don’t miss this Meetup! Mike will share how he used 3D CAD technology to avoid lots of potential problem areas, and the ins and outs of managing the large scale excavation, heavy (36t) concrete wall panels, 300t crane operations, 45m steel truss spanning internal area of factory, and more!!!
RSVP now to secure your seat!
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!
February 8, 2025
**Space Is Limited - RSVP NOW**
Partners & Affiliates
