The Rise, the Fall and the Crystal Ball
AIQS and AIPM are thrilled to host a dynamic panel discussion with industry experts on managing project escalation costs in 2024 and the foreseeable future. This event will dive deep into the key market forces affecting construction pricing, with a particular focus on how COVID-19 has reshaped labour availability, material supply chains, and overall cost structures. Attendees will gain insights into the ripple effects of inflation, exploring how these challenges impact clients and builders alike. The panel will also discuss the role of Rise and Fall Clauses in contracts, assessing their fairness and feasibility for various stakeholders. Additionally, the discussion will provide forecasts for Western Australia’s construction market, examining price and demand trends over the next five years. This session is essential for professionals looking to navigate and adapt to an evolving landscape in the Australian construction industry.
To register for an AIPM event, you’ll need to login to your AIPM account. If you don’t have an account, you’ll need to create an account with AIPM before you register.
Event takeaways
- Understanding Key Cost Drivers: Insights into the primary factors contributing to project cost escalation, especially those influenced by post-COVID market dynamics.
- Supply Chain and Labour Market Insights: A comprehensive overview of current labour shortages and supply chain challenges and their impact on construction timelines and budgets.
- Contractual Strategies and Risk Management: Practical knowledge about Rise and Fall Clauses in contracts, including how to evaluate their fairness and apply them effectively to manage risk.
- Future Market Forecasts: An informed perspective on where the Western Australian construction market is headed over the next five years, including projected trends in labour and material costs.
- Strategies for Resilience: Actionable strategies for anticipating and adapting to inflationary pressures, helping stakeholders maintain stability and competitiveness in a volatile market.
Who is this event for?
- Quantity surveyors, Builders and Project Managers
Price
- Members: Complimentary
- Non-members: $30 (including GST)
Speakers
Jay Plester
Managing Director
Wilde and Woollard WA
Simon Monaghan
Director of Real Estate and Infrastructure
Turner and Townsend WA
Mark Bendotti
Managing Director
Rider Levett Bucknall WA
Sponsors