RICS/IPTI CONFERENCE

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1 2013 rics.org RICS/IPTI CONFERENCE Challenges and Recent Developments in Valuation and Construction P E R S P E C T I V E S F R O M T H E P U B L I C A N D P R I V A T E S E C T O R GOLD SPONSORS SILVER SPONSORS BRONZE SPONSORS International Property Tax Institute 4950 Yonge Street Suite 2308 Toronto, Ontario, Canada M2N 6K1 22nd - 23rd MAY 2013 Hyatt Regency Trinidad 1 Wrightson Road Port-of-Spain, Trinidad

2 AGENDA May 22, 2013 Time Function Chair/Speakers 08:45 Registration Challenges and Recent Developments in Valuation and Construction: 09:00 Opening Remarks Sanjay Amin Paul Sanderson 09:30 Current Issues and Recent Trends in Property Tax and Valuations Paul Sanderson 10:00 Current Issues and Recent Trends in Construction Cost, procurement and contracts 10:30 Networking Break Mark Hodkinson 10:50 The Potential and Challenges of Property Taxation in Caribbean Ric Javed Ali 11:20 Current Trends in Commercial and industrial Real Estate-Caribbean Perspective Andrew MallalIeu 11:45 Key note address Sean Tompkins 12:15 Lunch CONCURRENT AFTERNOON SESSIONS -DAY ONE STREAM 1: VALUATION Session 1: Maintaining Standards and Trends Moderator: Paul Sanderson Strengthening valuation reporting and quality standard Leveraging technology for valuation Preparing valuations in challenging economic conditions Planning and prioritizing capital development Afra Raymond Michael McGrath Douglas Bennett STREAM 2: CONSTRUCTION Session 2: Issues and Challenges in Construction Moderator: TBD The pitfalls of building in the Caribbean Avoiding claims for loss and expense on projects The pros and cons of design and build form contracts Cost and time overruns Milton Inniss Dean Burrowes 2:45-3:00 pm Networking Break Session 3: Risks in the Valuation Process Moderator: John Glen Sales Analysis: Comparable selection in an uncertain market Working with legislation and case law How do we address risks in the valuation process? Ray Pierre Craig Rowsell Linden Scott KPMG rep. NAS Valuation rep. 4:30-5:30 pm Reception and Valuer Registration Roll-Out Session 4: Disputes and Litigation Moderator: TBD Dispute resolution Alternate Dispute Resolution: Arbitrations and mediations Preparation for litigation Peter Morris Stephen Singh Donald Rodney John Dowse International Property Tax Institute Page 2

3 AGENDA May 23, 2013 Challenges and Recent Developments in Valuation and Construction: Time Function Chair/Speakers 08:45 Summary of Day 1 Proceedings 09:00 Strategies for Leveraging Value and Optimizing Assets Michael Blaschuk 09:30 Data Management: From Valuation to Improving Transparency Simon Watson 10:00 Networking Break 10:20 The Pros and Cons of Public Private Partnerships (PPP) Edward Marston (invited) 11:00 The Benefits of Life Cycle Costing Ivan Hinkson 11:30 IPTI s Quest for Best-Practice: Benchmarking and Beyond Jerry Grad 12:00 Lunch CONCURRENT AFTERNOON SESSIONS DAY TWO STREAM 1: VALUATION Session 5: Valuation and Property Tax Moderator: Wayne Forde STREAM 2: CONSTRUCTION Session 6: Current Practices in Construction Moderator: Liam Day How to create and manage valuation teams Importance of public and political education Mass appraisal applications to non-residential properties Ganga Kissoon (invited) Tex Turnquest Paul Campbell Jim Andrews JCT vs FIDIC Forms of Contract: The pros and cons BIM: Its applicability in the Caribbean market New Rules of Measurement The impact of sustainability of asset value and construction practices Steve Rajpatty (invited) Omar Davies (invited) Chris Bailey 2:45-3:00 pm Networking Break 2:45-3:00 pm Networking Break Session 7: The Caribbean Real Estate Market A Banker s View Moderator: Sanjay Amin Session 8: Risks in Construction Process Moderator: Michael Blaschuk Current trends in the Real Estate Market Lender requirements Options to deal with distressed assets Capital Markets Panelists - Bank representatives: CIBC RBC Republic Bank Scotiabank First Citizens Bank Risks in the procurement process in the Caribbean Health and Safety Standards Contract Administration Allen Cochran (invited) Shardon Haye (invited) 4:30 pm Summary and Closing Remarks 4:30 pm Summary and Closing Remarks International Property Tax Institute Page 3

4 Challenges and Recent Developments in Valuation and Construction: Workshop Speakers/Chairs Ric Javed Ali Sanjay Amin Jim Andrews Chris Bailey Douglas Bennett Michael Blaschuk Dean Burrowes Paul Campbell Allen Cochran Omar Davies Liam Day John Dowse Wayne Forde John Glen Jerry Grad Shardon Haye Ivan Hinkson Mark Hodkinson Milton Innis Ganga Persad Kissoon Andrew Mallalieu Edward Marston Michael McGrath Peter Morris Raymond Pierre Steve Rajpatty Afra Raymond Donald Rodney Craig Rowsell Paul Sanderson Linden Scott Stephen Singh Mervyn Thompson Sean Tompkins Tex Turnquest Simon Watson Assistant Commissioner of Valuation, Ministry of Finance of Trinidad and Tobago Director, BCQS International Managing Director, Integra Realty Resources Vice President - Cost Planning Director, Americas, Lend Lease Director, Thomson Reuters Tax & Accounting, Government Director of Real Estate Operations, BC, Canada Partner, Burrowes + Wallance Quantity Surveyors Director, MPAC, Centralized Properties, Office of the Chief Assessor, Canada CEO, Construction Cost Consultants Ministry of Transport, Works and Housing, Minister in Gov t of Jamaica Managing Director, BCQS International Owner, Cerno Consulting (UK), Cerno Services Ltd (Caribbean) Commissioner of Land Tax, Government of Barbados President, JTG Real Estate Advisory Services, Canada CEO, International Property Tax Institute Director Quantity Surveying, Urban Development Corporation Director, Construction Controls Ltd Associate Director, BCQS Moorjani Caribbean Ltd Assistant Commissioner of Valuation, Ministry of Finance of Trinidad and Tobago Director and Principal, Terra Caribbean Director, AF Consulting Ltd Head of Valuations, BCQS International Managing Director, Project Management Group Director and Principal, RA Pierre Managing Principal, Atlantic Project Consultants Ltd Managing Director, Raymond & Pierre Limited Director and Principal, Donald Rodney & Company Executive Vice-President, NAS Valuation Inc. President, International Property Tax Institute Managing Director, Linden Scott and Associates Ltd Managing Partner, Johnson, Camacho & Singh Valuation Surveyor, NIDCO & Co Ltd Chief Executive Officer, RICS Director, Lands and Surveys Department, Bahamas Founding Partner, Charterland Ltd

5 CONFERENCE AND HOTEL INFORMATION Challenges and Recent Developments in Valuation and Construction May 22-23, 2013 Hyatt Regency Trinidad Port-of-Spain, Trinidad CONFERENCE FEES Includes materials, meet and greet reception, lunches and coffee breaks. Regular Fee $ US/pp Early bird $ US/pp RICS/IPTI Member Fee $ US/pp Early bird $ US/pp 1 Day attendee: Regular Fee $ US/pp Early bird $ US/pp RICS/IPTI Member Fee $ US/pp Early bird $ US/pp Student rate with valid university ID for one-day attendance $50.00 US/pp (limited quantity) For Early Bird fee payment must be made on or before April 19, 2013 Refund Policy: All cancellations must be made in writing. Cancellations received 15 days prior to the event will be charged a 25% administration fee. No refund for cancellations received after this deadline. Substitutes welcome. HOTEL INFORMATION (Conference Venue) Hyatt Regency Trinidad #1 Wrightson Road, Port-of-Spain Trinidad Contact the hotel directly and ask for the RICS rate by May Telephone: or at: REGISTRATION FORM Please use one form per registration. Room Type Single Occupancy (includes breakfast, internet and tax Double Occupancy (includes breakfast, internet and tax Rate US $155.00/night US $170.00/night Delegate Name on Badge: First Name Organization Name: City: PAYMENT INFORMATION I am an RICS/IPTI Member YES NO Last Name Title: Fax: Country: Submitted On-Line Registration Fee Submitted (per person) USD For complete information and to register for this event: For Sponsorship Opportunities for this event: International Property Tax Institute 4950 Yonge Street, Suite 2308, Toronto, Ontario M2N 6K1

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