114 – Dan Holden – Avoiding a building disaster

There are few things more complicated during a property development than the builder going bust during the construction phase of a project. It puts you in a very precarious position and becomes very tricky to navigate. So many issues have to be resolved and the whole process can be very stressful and time consuming.

This is exactly what happened with property developer and development financier Dan Holden from Holden Capital. During a construction phase his builder went bust through no fault of his project, and he had to scramble to fix it. I have also had my own issues with a builder facing difficulties during a building phase, so have some experience of what it is like to wonder if the building will ever be finished.

Given all the turmoil in the building industry over the past few years, we look at how you can protect yourself for a building disaster and set your project up for construction success.

In this episode, Dan and I discuss:

The current state of the lending market and what it means for developers

How to protect yourself from the chaos caused by a builder collapse

What to look out for in a builder’s contract (and when to step in)

How to mitigate risk during construction: warning signs, cost escalation, supply chain issues, and more

The critical role of risk management in today’s turbulent building industry

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