20 Dec BCQS Participates in 6th Annual Caribbean Valuation and Construction Conference in Trinidad & Tobago
The conference which was held on November 2 and 3 was organized jointly by the Royal Institution of Chartered Surveyors (RICS) and the International Property Tax Institute (IPTI) in co-operation with the Institute of Surveyors of Trinidad and Tobago (ISTT).
BCQS Director, Sanjay Amin made the opening remarks for the final time in his capacity as RICS Caribbean Chair. Eric Allen, Commissioner of Land Valuations for the National Land Agency, Jamaica has been appointed to the position of RICS Caribbean Chair.
The theme of the conference was “Best Practices and Experience Sharing”.
In light of the very active hurricane season experienced throughout the Caribbean, BCQS Chartered Quantity Surveyor, Mark H. Brown presented “Irma and the BVI: A Chartered Surveyor’s experience in the middle of the storm”. His presentation covered his firsthand experience of the effects of two Category 5 hurricanes (Irma and Maria) which directly impacted the BVI. He outlined the rebuilding efforts and the role being played by BCQS as a firm which is RICS regulated. Along with their local expertise and in depth knowledge of the Caribbean market, BCQS is helping to co-ordinate damage assessments along with loss adjusters who are working in the region. Reinstatement Cost Assessments previously undertaken by BCQS proved invaluable in situations where a total loss was suffered by property owners. The presentation was well received and the discussion which ensued saw several participants sharing their own major hurricane experiences and rebuilding processes.
The conference covered varying issues within the Valuation and Construction sector such as:-
- The Caribbean Investment Climate and Opportunities
- Accounting Standards and the Effect on Valuation
- Optimizing Project Delivery to Maximize Construction Productivity
- Risk Assurance in Construction
- Natural Catastrophes: Insurance Coverage in the European Community
- Limited Sales Activity: The Capitalization Rate Dilemma
- Pricing the Priceless: A Principled Approach to Valuing Historic Buildings
- Valuation of Specialized Properties: Marinas and Leisure Properties
- Land Transfer Standards and Compulsory Purchase Powers: Essentials for Emerging Economies
- Expert Witness / Report Writing & Preparing for Litigation: The Caribbean Perspective
- Best Procurement Practice
- Future of the Profession – Challenges and Opportunities in Attracting the New Generation
IMAGE: Mark Brown Speaking at the 6th Annual Caribbean Valuation and Construction Conference in Trinidad and Tobago