RICS hosts property, construction forum

The RICS Cayman Islands Property and Construction Conference will be held on March 5, 2015, at the Grand Cayman Marriott Beach Resort.

The one-day event with the theme “Building Sustainable Communities” is expected to attract more than 200 attendees, organizers said.

The theme was chosen based on the decision of the Cayman Islands government to set infrastructure projects as its priority. “Building Sustainable Communities” also reflects the Chamber of Commerce’s “Future of Cayman” initiative, since two of the drivers are enhancing the quality of life and building smarter infrastructure.

The plenary session will focus on best practices to ensure that all projects, especially the revitalization of George Town, are planned and implemented effectively to enhance community development and quality of life on the island.

The keynote address will be delivered by Louise Brooke-Smith, president of the Royal Institution of Chartered Surveyors (RICS) and managing director of Brooke Smith Planning, a planning and development consultancy based in the U.K.

Neil Shah, managing director, RICS Americas, said the conference will also focus on standards in valuation, construction and property management.

“It is important to note that the Cayman Islands chapter has been a leader in furthering the cause for more transparency, higher standards and professionalism in the property sector,” he said.

The afternoon will provide an opportunity for smaller groups to cover specific subjects, including the proposal to adopt e-conveyancing in property transactions, current practices and trends in valuation. including valuing foreclosed properties, the Cayman Construction Contract and the proposed Building Registration Law, strata management and owner delinquencies, and handling insurance claims.

The RICS, a body for property professionals, has more than 100,000 members globally. It promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure.

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