The rapid evolution of Sydney’s residential market has resulted in increased competition for developers, builders and insurers. In many instances, the speed of construction affects the profitability and viability of a project. It is the difference between a project proceeding professional and profitably or proceeding on the basis of savings being required during the construction period to make the project profitable.
As a result of the declining standard of construction, the Home Owners Warranty (H.O.W) Insurance initiative was introduced – to safe guard Home Owners against defective construction. This initiative has now been in place for over 15 years and continues to provide a safety net wherever possible to Home Owners.
Profitable projects allow for workmanship to be adequately supervised, whilst those projects where profitability is questionable inevitably result in lower levels of supervision and higher levels of defective work.
Bellmont, offer a team of experts capable of establishing the presence of building defects and providing expert reports on such issues. Our strength in Engineering Design, Project Management and Building Consultancy fields allow for the preparation of concise, professional reports identifying defects which are attributable to the Builder and therefore are considered to be subject to warranty.
Similarly, not all defects are attributable to the Builder and our experience with materials allows Bellmont to identify those issues which are related to maintenance and therefore deemed to be the Owners responsibility.
Bellmont have recently been involved in a series of Home Owners Warranty Claims which have successfully delivered reimbursements to the Owners ranging from $150,000 – $3,000,000.
These projects have involved rectification to internal wet areas, external roof decks, waterproofing and tiling, cavity flashing, façade painting, structural and roof repairs.
Please do not hesitate to contact our office with any queries on similar issues.