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Rebates on offer as ACT launches cladding scheme for building safety
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World-leading construction assurance tool in the works
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World-leading construction assurance tool in the works - Smart Property Investment
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NSW government hopes to increase home insurability with new quality rating tool
NSW government hopes to increase home insurability with new quality rating tool Photo by john elfes on Unsplash.
The NSW government has partnered with KPMG to develop a tool that will measure the quality and insurability of homes in the state. The so-called Building Assurance Solution (BAS) tool aims to provide both home buyers and insurance companies with a trustworthy rating for residential buildings in NSW.
Minister for Better Regulation and Innovation, Kevin Anderson said the state government expects this new rating to be genuinely world leading. He says it will help “identify which buildings are trustworthy, from measuring compliance with design and construction standards to traceability of materials all the way back to the manufacturer.”
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Clayton Utz team advises NSW Government on “global first” infra-tech project set to transform building industry
A multi-disciplinary Clayton Utz team has advised the NSW Department of Customer Service (NSW DCS) on a suite of tailored contracts to support a world-leading technology solution described as a “game-changer” for the building industry and an example of the NSW Government innovatively enabling a market-led solution.
The NSW Government will pilot its Building Assurance Solution platform (developed by KPMG) which relies on a blockchain solution to track a building’s provenance beyond basic compliance. The solution essentially creates a digital fingerprint or property DNA for buildings – enabling the building industry, current and prospective owners, regulators and insurers, among others, to compare and assess the trustworthy index for different buildings.