Updated: Feb 17, 2020
Michael Malak from Japm and Domenic Nesci from Wealthi gather to discuss all things defects including what they are, the struggle present between clients and developers, what defect liabilities are, managing defects at settlement and how clients can respond to defects. Michael determines there are four types of defects: design, services, incomplete works and workmanship defect.
Michael and Domenic also delve into the peer-reviewed process where a third party will come on board to approve and certify the work of the engineer. They discuss how this isn't a common practice but is growing in popularity to minimise defects.
Some of the interview questions include:
What's a defect and what is the defects liability period that protects purchasers? Are these periods enough?
Are the current building standards set high enough and monitored closely enough to protect purchasers? Where are the failings?
What are some of the most common mistakes new builders/developers make?
What do you do differently that makes your developments stand the test of time?
What is the peer-reviewed method and why is this better?
How do you manage defects at settlement?
What are some indicators of a well-run site verse a poorly run site?
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