Gold Coast | Queensland

VARSITY WATERS

VARSITY WATERS

Project Highlights

113 Apartments across 5 levels. Mix of 1, 2 and 3 bedrooms.
Completed 2 months early due to efficient management and construction.
$25 million-dollar construction cost had approximately $150k worth of variations or 0.6%
Close collaboration between client, builder, QS and bank ensured project was completed dispute free.
Independent defect investigation report undertaken by LEAD Consultants closed out in excess of 2000 minor defects.
LEAD Consultants Project Management and Superintendent divisions headed up the multi-million-dollar Varsity Waters residential project. Situated in a prominent position on Lake Orr, this flagship Varsity Lakes development sets a precedent for top-end mix of owner occupied and investor stock in this growing suburb.
VARSITY WATERS - Gold Coast | Queensland

Obstacle

An aggressive construction technique meant a fast-paced construction and required strong and steady cashflow.

A strong contract was required to be prepared on behalf of the client. Concerns needed to be addressed regarding layout of car parks consistent with the proposed developments intended use and their allocation.

Our Approach

LEAD Consultants assisted in the preparation of the construction contract and was able to ensure certainty at time of agreement. As a result, the project ended up with less than 0.6% of variations.

The project was completed early and as a result the client retained finance costs and an early completion bonus was awarded. Lead Consultants helped project manage resolving many issues on site including carpark layouts which presented problems prior to title.

These were resolved along with other typical development issues which arise. Our defects inspection team successfully identified and sought close out of all defects on the job. The job had a 100% successful settlement rate.


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Gold Coast
15 Christine Avenue
Miami, QLD 4220
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5/95 Denham Street
Townsville City, QLD 4810
Ph: +61 7 4426 1100