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ARTICLE · 18 AUGUST 2020

New rating tool for developers

Discussion about the new rating tool for developers in NSW.

AustraliaReal Estate and Construction
Reilly King
Reilly King

In brief - the NSW Government and Building Commissioner David Chandler OAM have created a new rating tool for developers

The tool has been created and will be managed by data company Equifax and will use a wide range of publicly available data to create a risk profile for any planned project, based on the behaviour of the companies behind it.

This tool stands to supplement the recently passed legislation, namely the Design and Building Practitioners Act, and the Residential Apartment Buildings (Compliance and Enforcement Powers) Act.

These mechanisms seek to improve upon the dwindling consumer sentiment towards the building and design industry, particularly in light of the unsatisfactory construction work at Opal and Mascot Towers.

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