Development Archives - Vincent Young

Development Property

13 September, 2024

Will TOD Make it on its Own?

Introduction The Transported Oriented Development (TOD) Program and the Low and Mid-Rise Housing (LMR) Program (Programs) and the concept of a focus on accelerated precincts arose from a consideration of not just trying to increase housing, but an endeavour to increase housing where opportunities exist and where they don’t exist…

Victoria Caldwell

Development Property

14 June, 2024

Transport Oriented Development Program – One Month Later

Introduction It has been a month since the commencement of Tier 2 of the Transport Oriented Development Program (TOD) and stakeholders have had months prior to consider the TOD’s relevant planning policy, the TOD Tier 1 and the Low to Mid Rise Housing Initiative (LMR) (collectively the Programs). This article…

Victoria Caldwell

Development Property

17 May, 2024

TOD and LMR Programs – Developers must engage

Department and Developer Led Housing Increase The Transported Oriented Development (TOD) Program and the Low and Mid-Rise Housing (LMR) Program (together Programs) are opening up opportunities for increased development in targeted areas and regions of NSW. The Programs are initiatives not just to increase housing development to address the current…

Victoria Caldwell

Commercial Construction Development

16 May, 2024

Be Aware Of Discharging A Guarantee

In the construction industry, it is common for a parent company/guarantor of a contractor to provide a guarantee to the principal. The guarantee usually includes the assumption of liability for any obligation owed by the contractor to the principal should the contractor fail to meet its obligations. This article deals…

Victoria Caldwell

Construction Development

6 May, 2024

Building Information Model: The Devil Is In The Data

Construction Modelling in Australia The Building Information Model (BIM) is a tool used in construction to create 3D models of building projects. The BIM works by having designers and architects insert blueprints, floor plans and other design drawings into a database, which generates a 3D model of the project. The…

Victoria Caldwell

Construction Development Property

9 February, 2024

Changes To The Strata Building Bond And Method Of Calculation

The Building Legislation Amendment Act 2023 (NSW) The Strata Building Bond & Inspections Scheme (SBBIS) was introduced in 2018 to provide some protection to owners’ corporations in relation to defects. On 21 November 2023, the NSW Parliament passed the Building Legislation Amendment Act 2023 (NSW) (BLA) which makes 2 significant…

Victoria Caldwell

Construction Development Property

14 December, 2023

Ribbon Project by Greaton at Darling Harbour

Congratulations to Greaton on completion of the Ribbon project at Darling Harbour, comprising the largest W Hotel in the world, including the new redeveloped IMAX theatre experience and retail. Vincent Young lawyers is excited to have had the opportunity to have worked alongside the dedicated Greaton team on this very…

Victoria Caldwell

Commercial Construction Development

22 November, 2023

How to Prevent Bank Guarantees being Called Upon

Bank guarantees are a familiar presence in construction contracts. They are seen to be “as good as cash” and the holders of bank guarantees call on the guarantees when there is a dispute with a contractor or subcontractor providing the bank guarantee. Bank guarantees are often expressly stated to be…

Victoria Caldwell

Construction Development

10 November, 2023

Recourse To Security Based On A Bona Fide Claim

Total Construction Pty Ltd v Catholic Healthcare Limited NSWSC 585 It is common for bank guarantees (BGs) to be used as a form of security to secure the performance of a contractor’s obligation in a construction contract. A principal’s right to have recourse to the BGs is often governed by…

Victoria Caldwell

Construction Development

7 September, 2023

Always Presume Design Liability

New trends increasing a contractor’s liability – AS4902 Last year we published an article explaining a recent trend concerning the imposition of design liability on contractors through buildability clauses in construct only contracts. In this article we examine another trend concerning increased design liability exposure to contractors’ in design &…

Brett Vincent

Development

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