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RICS / IPTI CONFERENCEChallenges and Recent Developments in Valuation and Construction

PERSPECTIVES FROM THE PUBLIC AND PRIVATE SECTORS

2013

22nd - 23rd May 2013Hyatt Regency Trinidad

1 Wrightstown RoadPort-of-Spain, Trinidad

In partnership with the Ministry of Finance and the Economy

We would like to thank the following organizations for their support of the conference:

Gold Sponsors:

Silver Sponsors:

Bronze Sponsors:

Time Function Chair/Speakers

08:45 Registration

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

Mark Hodkinson

10:30 Networking Break

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 Our world, transformed - key factors shaping international and national

markets

Sean Tompkins

12:15 Lunch

Page 2

CONCURRENT AFTERNOON SESSIONS -DAY ONE

STREAM 1: VALUATION STREAM 2: CONSTRUCTION

1:15-2:45 pm Session 1: Maintaining Standards and Trends Moderator: Paul Sanderson

1:15-2:45 pm Session 2: Issues and Challenges in Construction Moderator: Henry Taylor

Strengthening valuation reporting and quality standard

Leveraging technology for valuation

Preparing valuations in challenging economic conditions

Planning and prioritizing capital development Panelists:

James Andrews,

Michael McGrath

Douglas Bennett

Bruce Greenberg

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 Panelists:

Dean Burrowes

Bongani Ndlovu

2:45-3:00 pm Networking Break

3:00-4:30 pm Session 3: Risks in the Valuation Process Moderator: John Glen

3:00-4:30 pm Session 4: Disputes and Litigation Moderator: TBD

Sales Analysis: Comparable selection in an uncertain market

Working with legislation and case law

How do we address risks in the valuation process? Panelists:

Ray Pierre

Craig Rowsell

Linden Scott

Lisa Taylor

Dispute resolution

Alternate Dispute Resolution: Arbitrations and mediations

Preparation for litigation Panelists:

Peter Morris

Stephen Singh

Donald Rodney

John Dowse

4:30-5:30 pm Reception, Valuer Registration Discussion, and David Neate Award

International Property Tax Institute

Challenges and Recent Developments in Valuation and Construction: Perspectives from the Public and Private Sectors Hyatt Regency Trinidad Hotel, Port-of-Spain, Trinidad

AGENDA ● May 22, 2013

Challenges and Recent Developments in Valuation and Construction: Perspectives from the Public and Private Sectors Hyatt Regency Trinidad Hotel, Port-of-Spain, Trinidad

AGENDA ● May 23, 2013

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) Brian Hackett

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

Page 3

CONCURRENT AFTERNOON SESSIONS—DAY TWO

STREAM 1: VALUATION STREAM 2: CONSTRUCTION

1:15-2:45 pm Session 5: Valuation and Property Tax Moderator: Wayne Forde

1:15-2:45 pm 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 Panelists:

Mervyn Thompson

Tex Turnquest

Paul Campbell

Bruce Greenberg

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

Panelists:

Steve Rajpatty

Chris Bailey

Iain Kent

2:45-3:00 pm Networking Break 2:45-3:00 pm Networking Break

3:00-4:30 pm Session 7: The Caribbean Real Estate Market—A Banker’s View Moderator: Sanjay Amin

3:00-4:30 pm 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 Panelists:

Allen Cochran

Aidan Gregoire

Ronald Gardner

Winsbert Felix

4:30 pm Summary and Closing Remarks 4:30 pm Summary and Closing Remarks

International Property Tax Institute

7:30 pm Delegate dinner and cultural presentation hosted by the Government of Trinidad and Tobago, Ministry of Finance, Economy, Valuation Division

Ric Javed Ali Assistant Commissioner of Valuation, Ministry of Finance of Trinidad and Tobago

Sanjay Amin Director, BCQS International

Jim Andrews Managing Director, Integra Realty Resources

Chris Bailey Vice President - Cost Planning Director, Americas, Lend Lease

Douglas Bennett Director, Thomson Reuters Tax & Accounting, Government

Michael Blaschuk Director of Real Estate Operations, BC, Canada

Dean Burrowes Partner, Burrowes + Wallance Quantity Surveyors

Paul Campbell Director, MPAC, Centralized Properties, Office of the Chief Assessor, Canada

Allen Cochran CEO, Construction Cost Consultants

Liam Day Managing Director, BCQS International

John Dowse Owner, Cerno Consulting (UK), Cerno Services Ltd (Caribbean)

Winsbert Felix Winsbert Felix, Saint Lucia

Wayne Forde Commissioner of Land Tax, Government of Barbados

Ronald Gardner Owner, Ronald Gardner

Aidan Gregoire Director, ABGA Consultants, Ltd

John Glen President, JTG Real Estate Advisory Services, Canada

Jerry Grad CEO, International Property Tax Institute

Bruce Greenberg Director, Real Estate Valuation Services, Deloitte

Brian Hackett Advisor Leader/Partner, Trinidad PWC

Mark Hodkinson Associate Director, BCQS

Iain Kent Regional Commercial Manager, Carillion (Caribbean) Ltd

Ganga Persad Kissoon Valuation Surveyor, Ministry of Finance of Trinidad and Tobago

Andrew Mallalieu Director and Principal, Terra Caribbean

Michael McGrath Head of Valuations, BCQS International

Peter Morris Managing Director, Project Management Group

Bongani Ndlovu Government of Bermuda

Raymond Pierre Director and Principal, RA Pierre

Steve Rajpatty Managing Principal, Atlantic Project Consultants Ltd

Donald Rodney Director and Principal, Donald Rodney & Company

Craig Rowsell Executive Vice-President, NAS Valuation Inc.

Paul Sanderson President, International Property Tax Institute

Linden Scott Managing Director, Linden Scott and Associates Ltd

Stephen Singh Managing Partner, Johnson, Camacho & Singh

Henry Taylor Owner, Henry Taylor Associates Ltd

Lisa Taylor Partner, Advisory Services, KPMG

Mervyn Thompson ARICS

Sean Tompkins Chief Executive Officer, RICS

Tex Turnquest Vice President/Director, TR Associates Ltd

Simon Watson Founding Partner, Charterland Ltd

Workshop Speakers/Chairs

Challenges and Recent Developments in Valuation and Construc-tion: Perspectives from the Public and Private Sectors

Hyatt Regency Trinidad Hotel, Port-of-Spain, Trinidad

Challenges and Recent Developments in Valuation and Construction

May 22-23, 2013 ● Hyatt Regency Trinidad—Port-of-Spain, Trinidad

CONFERENCE AND HOTEL INFORMATION CONFERENCE FEES Includes materials, meet and greet reception, lunches and coffee breaks.

Regular Fee $375.00 US/pp Early bird $300.00 US/pp

RICS/IPTI Member Fee $325.00 US/pp Early bird $250.00 US/pp

1 Day attendee:

Regular Fee $215.00 US/pp Early bird $165.00 US/pp

RICS/IPTI Member Fee $185.00 US/pp Early bird $135.00 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 dead-line. 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 8 2013. Telephone: +1 868-623-2222 or at: https://resweb.passkey.com/Resweb.do?mode=welcome_ei_new&eventID=10433728&utm_source=62716&utm_medium=email&utm_campaign=21586047 REGISTRATION FORM Please use one form per registration.

Delegate Name on Badge: First Name Last Name Organization Name: Title: Email: Fax: City: Country: PAYMENT INFORMATION

I am an RICS/IPTI Member YES □ NO □ Submitted On-Line□

Registration Fee Submitted (per person) USD For complete information and to register for this event: http://ricsiptitrinidad.eventbrite.com/

For Sponsorship Opportunities for this event: http://trinidadsponsorships.eventbrite.com/

International Property Tax Institute

4950 Yonge Street, Suite 2308, Toronto, Ontario M2N 6K1

Room Type Rate

Single Occupancy (includes breakfast, internet and tax

US $155.00/night

Double Occupancy (includes breakfast, internet and tax

US $170.00/night