By 2030 the NSW construction landscape will be very different, and it won’t much matter what the industry’s past gatekeepers think they can do to maintain the status quo. The forces driving this are different. Here are some reasons why:
Loss of confidence – Construction’s customers have lost confidence in both the industry’s public and private institutions
Hype – Promises of how new legislation, the latest construction technologies and changing construction methods would change the game have underdelivered
Global and digital forces – The influence of local jurisdictions has been permanently diminished by the changing forces of a global marketplace, smarter buildings and the digital economy
Educational failings – Outdated vocational and tertiary education models have failed to adapt to deliver a modern construction workforce. These short comings have been aided by professional bodies who have tolerated these indifferent offerings
New tools with potential to join up information such as planning, strata registration and insolvencies have the potential to apply a series of data validation and matching capabilities to join up elements such as planning consents, strata plan registrations and insolvencies with developer, builder and certifier histories.
Stage two of this data matching is anticipated to extend to consultants, registered training organisations and manufacturers.
Imagine a tool like this being able to join up all construction phases from development applications, coming strata plan registrations, settlements and past defaults. Life for those habitual phoenixing players would become sharply more difficult.
Beyond these risk tools are those that can create assurance of supply chain trustworthiness and certification.
By 2025, it should be possible to provide a high level of compliance and resilience confidence for new buildings.