Webinar recording: Working with the Budget
Date recorded: 11 May 2023
Even in a normal market, it’s no easy task to design a compliant, quality project that meets the client’s evolving needs within a budget that may be (at best) limited and (at worst) unclear, unknown or variable. And this is not a normal market.
In our next webinar, Wendy Poulton, Risk Manager at informed by Planned Cover, will look at consultants’ obligations when it comes to meeting a client’s budget, illustrated by a recent domestic project claim decided by the NSW Court of Appeal. Architect Clare Cousins will share her experience of working with client budgets generally, and under the heightened challenges of the last two years. We’ll move on to look into the practicalities of tools like contingencies, value management processes and price flexibility within building contracts, as well as how budget obligations should and shouldn’t be addressed in consultancy agreements.
CPD: 1 formal hour
Learning Objectives
After this webinar, you will understand:
- Understand and fulfil a consultant’s obligations with respect to meeting any budget given by the client
- Describe that duty in contracts and scopes of services
- Select and apply appropriate strategies to assist with cost management.
Units of Competency / Performance Criteria (as per the National Standard of Competency for Architects 2021)
PC 21, PC 38, PC 53
Cost
Standard - $80
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