Managing Project Cost Escalation Masterclass

Overview

The Urban Developer’s Managing Rising Project Costs vCourse offers a deep dive into strategies for developers, owners, and professionals to navigate the challenges of increasing project costs. This session provides a comprehensive forecast of national construction costs alongside essential insights into development management, legal considerations, and funding implications.

Amid an inflationary environment, this course is vital for industry participants aiming to mitigate risks and maintain project viability.

Course Outline

1. Cost Escalation Forecast for 2022

• Geographic forecasts: Queensland, Victoria, New South Wales, and national trends.

• Sector-specific insights: residential (multi-unit and home building), commercial, retail, and industrial.

• Key considerations for developers navigating cost pressures.

2. Development Management Considerations

• Strategies for due diligence, acquisition, and feasibility planning.

• Managing authority liaison, consultant selection, and contractor procurement.

3. Construction Law and Contracts

• Overview of legal frameworks and contract types.

• Contractor procurement methodologies and negotiation strategies.

• Risk management, cost-sharing mechanisms, and dispute resolution.

4. Property and Construction Funding

• Lender appetite and debt structuring models.

• Funding costs, loan terms, covenants, and contingency metrics.

• Documentation requirements and risk assumptions.