JOHANNESBURG, Braamfontein. May 11, 2016 – Organized as a refreshing breakfast talk, TUHF hosted a conversation around construction, discussing and addressing the complexities and different challenges faced by inner city property entrepreneurs when dealing with the construction process of an inner-city project.
Hosted by Paul Jackson, CEO of TUHF Limited, the talk captured specific elements of the construction process involved in either refurbishing or building a new property aided by speakers such as Andrew Murray- Chairman and co-founder of Murray & Dickson Construction, Tapiwa Muvevi who has been a partner at Shabangu Architects since 2004, Ryan Du Preez who currently stands as a Partner at Teifenthaler attorneys with specialties in construction law, and Brendan Smith- Managing member at BTS Projects.
“Construction is an adversarial and tough business…” explained construction expert Andrew Murray. “You are only going to get the best results from a contractor that you can trust and you need to make sure you meet with your professional team on a monthly basis to address the financial issues that arise from the construction process.”
Tapiwa Muvevi, with over 17 years of project experience spoke about the architectural tips for housing, illustrating fundamental construction processes such as managing the ongoing project insurance requirements including the resolution of insurance claims, receiving and distributing statutory compliance certificates and documents to appropriate parties, and assessing and reporting on end user installations.
Ryan du Preez of Teifenthaler Attorneys elaborated more on the legal side of the construction process, explaining that the interest lies in the building and that it is necessary that property entrepreneurs create security for their investments. “Situations arise where the work is defective, the contractor is bad at their work or he has simply left. That’s why it is important that you get documentation guaranteed by ABSA or Lombard to gain security from the contractor, guaranteeing performance security.” explained du Preez. “Time barring is important. It is necessary that the contractor does certain things in time in order for them to get more time and money. With this regard an investigation of who he is, what he has done in the past and speaking to previous employers puts you in a favourable position.”
Brendan Smith finished off as our last speaker, providing the audience with a presentation on the different surprises that may arise in the construction process- Scope creeps which are processes where projects grow beyond their anticipated sizes, Cost overruns- arising from inadequate designs, insufficient information at the onset of projects and lack of financial control, as well as project delays.
Smith further explains that to tackle unlikely surprises during construction it is best to not be too hasty to rush onto site and to plan thoroughly. “Projects must be executed under sound and firm project management principles and the more rigid the principles and procedures are, the less chances of a disaster happening,” said Smith.
“Quality is never an accident; it is what comes out of high intention, crucial efforts, experienced execution and hard work. And we want our clients to strive for that with every project they build,” said TUHF CEO, Paul Jackson as he closed off the event. “It represents the decisions of a true property entrepreneur.”
The conversation ended with light refreshments offered to the attendees, also allowing for networking for clients to gain more insight from our speakers on the different construction aspects to look out for.
For more information please contact us at 010 595 9000.
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