Browse Forums Building Standards; Getting It Right! Re: Tradies certify their own work - bad idea? 3Jan 13, 2016 6:59 pm Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: Tradies certify their own work - bad idea? 9Jan 15, 2016 11:31 am Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: Tradies certify their own work - bad idea? 12Jan 15, 2016 8:07 pm Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: Tradies certify their own work - bad idea? 13Jan 15, 2016 11:51 pm Stewie D Or it could turn into a fiasco like the self regulating ( read unregulated ) financial investment industry. Stewie Didn't see the piece you are referring to but with more that 25 years in Banking and looking after controls and regulatory aspects I can assure you that in banking there are fines and the industry is extremely heavily regulated. Goldmans was just handed a UUS 5billion fine for mis-selling mortgage backed securities. With such heavy regulation and heavy fines the cost of compliance is staggering. I think as BE has pointed self regulation does work and maybe if a small levy on a tiered basis was built into building applications and membership dues to fund pure random sampling of work coupled with real fines it may have a chance. The pure random sampling would mean every trade has an equal chance of getting picked and possibly fined. This raised awareness and standards, they may not catch people as it is a little like mining for gold, you don't strike every dig. Its the chance of getting caught that makes you do the right thing. As Muzza has said, risk based selection can also be incorporated much like hygiene grades, you can move up or down depending on your quality. This would also help improve perceptions and provide a platform for potential clients to assess relative riskiness of the vendors. Still think independent inspector play an important role as arm's length oversight and control. Better stop but am very passionate about this. Oh on investment schemes, get them to draw it on a piece of paper. Trace the flows and if it is complicated or cannot be described on a piece of paper ask yourself why is it so hard. This can be a measure of inherent riskiness, if your investment approach is similar complexity then it may be within your appetite, if not might wanna pass. If something says guaranteed look at what constitutes guaranteed. Always ask what it the absolute maximum you can lose and will I get 100% of my principle back. Just like building, he who does his homework can make potentially better informed decisions. Cheers Mark Re: Tradies certify their own work - bad idea? 15Jan 16, 2016 7:26 am AM, I was sure I saw a piece on one of the commercial networks not too long ago about how some financial planners were exploiting a loophole to allow them to practice without a licence. Hmmm. I can't remember which one it was though. I do recall saying to myself at the time that surely this couldn't be right. Stewie Elvis has left the building... The site supervisor quit after 2 month on the project. I guess he was just instructed to bark at people, but didn't like when he was… 26 21760 You must be new to the internet. You're also the only person anyone here has ever heard of washing their garage wall. I hate to break it to you, there are insects and… 6 5264 You might be able to apply to divert the sewer at your expense. In NSW you would contact a Water services co-ordinator and they would give you advice as to whether or not… 1 17354 |