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What is a development appraisal?
A financial appraisal of a development.
It is normally used to calculate either the residual site value, or the residual development profit, but it can be used to calculate other profits.
PART A?
Structure
Part B?
Fire safety
Part C
Site preparation
Part D
Toxic substances
Part E
Sound resistance
Part F
Ventilation.
Part G
Sanitation, hot water safety and water efficiency.
Part H
Drainage and waste disposal
(h = hole - think hole in the ground)
Part J
Combustion appliances and fuel storage systems
(j - think jet fuel)
Part K
Protection from falling, collision and impact
Think K/hole - falling into one)
Part L
Conservation of fuel and power
Part M
Access to and use of buildings
Part O
Overheating
Part P
Electrical safety (think part P certs)
Part Q
Security in dwellings (think Quavo - robber)
Part R
Infrastructure for electronic communications (think Reddit)
Part T
Toilet accommodation - think toilet
Part S
Infrastructure for charging electronic vehicles.
S - think smart car
Regulation 7
Materials and workmanship
What is the money laundering professional standard?
Countering bribery and corruption, money laundering and terrorist financing.
Effective 1 September 2019
What is ADR??
The process of resolving disputes, including negligence disputes, other than by litigation.
Arbitration
Private dispute resolution process
what is assignment ?
The process whereby the benefit of all or part of a contract is transferred by one of the original parties to a ‘third party’.
If a contract is assigned by the client, the assignee is effectively treated as the member’s client.
Assignment can be prevented by express words in the contract.