Mosaic Construction, Property research, Quick tips, What's Happening at Mosaic | 3 minute read

Managing Construction Risk | An Enduring Commitment to Our Customers

Mosaic Property
30/03/22

The recent collapse of some of Queensland’s most prominent construction companies has understandably created some headlines in recent times.

Naturally, this has caused confusion for some people who have purchased off-the-plan. There is no doubt customers take a giant leap of faith when committing their money and dreams to a promise yet to be delivered.

We are acutely aware of this. It is for this reason our entire business structure is built around our customers and, most importantly, our ability to always deliver on the promises we make to them.

Why Mosaic

Mosaic stands well apart from the vast majority of developers in that we manage every aspect of the development process.

We do not relinquish key responsibilities, processes, or controls to third parties. By doing so, we mitigate the most critical and substantial risks associated with quality and delivery certainty.

Our approach has seen 57 developments, including numerous award-winning projects, successfully delivered since 2014 alone. We have also delivered through multiple cycles and downturns, dating back to 2004.

Not once have we not delivered a project.

Why Mosaic Construction

Our commitment to delivering on our promise to our customers is what specifically led us to establish our own construction arm that only builds Mosaic products.

We eliminated the magnitude of risks that can arise from engaging third-party builders, who represent multiple clients, by taking this step.

These risks generally include project pricing, supply chains, site safety, inefficient scheduling, poor site management, sub-standard quality build and finish, and subcontractor failure.

It also means the interests of both developer (Mosaic Property Group) and the construction arm (Mosaic Construction) are closely aligned. Further, the same core values and key objectives bind us.

This is no small point; it is the most crucial point. These shared objectives are underpinned by our strong balance sheet diligently built up over a long period of time.

There are very few, if any, other developers that do what we do to the same extent, and while it is not easy, we do it because our customers, and the faith they put in us, is at the heart of everything we do.

Key Benefits

The key benefits to our customers in having our own construction arm are:

  • No third party risk exposure.
  • Industry-leading construction methodology; continually striving for better delivery models that ensure quality and safety.
  • Delivery quality is aligned with Mosaic’s high expectations.
  • Sub-Contractors are paid on time, creating loyalty, quality output, and bargaining power.
  • Cost-saving and risk mitigation by ensuring all design elements are resolved before construction commencement, and sub-contractors are fully committed to a fixed price.
  • Up to the minute details are available on every project without having to chase third-party builders.
  • Mosaic manages the buildings it delivers post-completion; meaning our commitment to building quality is integral to our business model.