Managing risk and supporting innovation. Terry Mundy Business Development Manager

Transcription

1 Managing risk and supporting innovation Terry Mundy Business Development Manager Lloyd s Register EMEA

2 BANK 26 th September Meeting with banker 2pm Developer arranges a meeting with a banker to seek agreement to provide mortgage finance

3 Presentation of Traditional Designs

4 Presentation of Non Traditional Designs

5 BANK

6 Site Manufacturer Construction Systems Constructor

7 BANK Mortgage finance agreed in principal as the construction system BOPAS Accredited

8 BOPAS Development Timeline Meeting With RICS Meeting With CML Presented Pilot Process Output Develop BOPAS Database Present to CML Present to BSA BOPAS Launched April 2013 RICS Establish Joint Working Group WG Validate Pilot Process BOPAS on CML Website Working Group Define Lenders Needs/Concerns and Develop Response Perform Pilot BOPAS Assessment on 3 Different Offsite Providers

9 Scopes of Accreditation Design Construction Manufacture Project Management

10 Gap Analysis Full implementation audit assessment Assessment score Cross Process Interfaces Performance Monitoring Transport Coordination Scope Specifics 5 Competency Framework Competency Controls Configuration Framework Configuration Goods Handling Controls Procurement Risk Framework Management Risks Assessed & Mitigated Competency Management Effective communication Process control Risk Management Configuration Management Procurement Management

11 Accreditation Assessment Process Competency Management Effective communication Process control Risk Management Configuration Management Procurement Management

12 Assessment score Cross Process Interfaces Performance Monitoring Transport Co-ordination Scope Specifics Competency Framework Competency Controls Configuration Framework Goods Handling Configuration Controls Risk Management Procurement Framework Framework Risks Assessed & Mitigated

13 Every BOPAS approved building system will have a BLP Durability & Maintenance Assessment that confirms a minimum of 60 year service life with no disproportionate maintenance have been confirmed as acceptable by BLP for provision of housing warranty insurance / defects insurance: BLPSECURE and BLPSECUREPLUS (includes component cover) - subject to scheme specific checks have been accredited by Lloyds Register for process & control

14 The methodology BLP does not publish its own standards; it draws on the profusion of existing industry standards embraced in: Approved Documents British Standard s & Codes of Practice BRE Reports and Papers Trade Association Best Practice Guidance 3 rd Party Certifications etc. Creating a technical risk management system designed to handle whatever comes along.

15 20+ years of research

16 Confidence in the system So surveyors, valuers, lenders and purchasers can be confident about the long term durability of the system and safe in the knowledge that at least one warranty provider will provide cover (will not preclude other providers) Valuer Lender Purchaser

17 The problem... Lender Purchaser Valuer Manufacturer Seller Copyright P Santo Property

18 The problem...

19 The problem... Copyright MIB Framespace Copyright Lime Technology

20 The solution... Lender BOPAS Database Valuer Manufacturer Seller Copyright P Santo Property

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22 BOPAS Aim - Promotional and Business Performance Target Facilitate lending against non traditional construction systems Business performance improvement through increased transparency and accountability Product durability assessed for 60 years Performance benchmarked against best in class Integrated risk management process for Business, product and activity

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24 For more information, please contact: Terry Mundy Business Development Manager Energy Lloyd s Register EMEA Hiramford, Middlemarch Office Village Siskin Drive, Coventry, CV3 4FJ T +44 (0) E terry.mundy@lr.org w Services are provided by members of the Lloyd's Register Group. For further information visit