1.0Assets Economicshttps://www.asseteconomics.com.aukookahttps://www.asseteconomics.com.au/author/kooka/rich600338<blockquote class="wp-embedded-content"><a href="https://www.asseteconomics.com.au/reducing-risk-on-your-construction-property-development/">Reducing risk on your construction property development</a></blockquote> <script type='text/javascript'> <!--//--><![CDATA[//><!-- /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!/[^a-zA-Z0-9]/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute("style"),"height"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if("link"===t.message)if(a=d.createElement("a"),i=d.createElement("a"),a.href=r.getAttribute("src"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute("data-secret"))t=Math.random().toString(36).substr(2,10),e.src+="#?secret="+t,e.setAttribute("data-secret",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute("security"),e.parentNode.replaceChild(t,e)}}}}(window,document); //--><!]]> </script><iframe sandbox="allow-scripts" security="restricted" src="https://www.asseteconomics.com.au/reducing-risk-on-your-construction-property-development/embed/" width="600" height="338" title="“Reducing risk on your construction property development” — Assets Economics" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>If you work in the construction industry, you likely know that property development comes with a lot of risks. The rewards are great, but the risks are high. So, putting measures in place to reduce risks are essential. One of the biggest risks that are not often the first to be considered, is damage to neighboring properties. While it is reasonable that you should pay to fix any damage caused by your construction, if you aren’t well prepared you could end up paying more than you should. Hopefully you are already well aware of dilapidation reports but if not, you should be. Dilapidation reports are a risk reduction service offered by professional Quantity Surveyors. They are designed to reduce the risk of false damage claims by assessing the condition of a property that is close by to a construction site. The assessment takes place before and after the construction is complete and will list any damage to the property in a report. At the beginning of every project it is important to make it a routine to assess the condition of any residential and public/government owned infrastructure that is within the area of influence of new construction projects. This could […]