Retention money – 2.5% to 5% of your subcontract. Doesn’t sound like much, but how many projects are you losing retention on?
While such technologies are not readily available yet, Cbus’ subsidiary and developer, Cbus Property* is leading the way in green building design.
In large scale developments like Collins Arch in Melbourne, work spaces are being created to enhance the wellness of the people who will work there. Examples include improved energy consumption through reduced air flow and lighting sensors that determine when spaces are not being used and incorporating greenery as part of an urban forestry strategy to reduce the heat island impact that occurs in large cities.
These are important aspects of green building design. It’s also about futureproofing buildings to enable retrofitting as technology changes such as converting traditional plant rooms into battery storage.
In future, Cbus will own many of these finished buildings as longer-term assets. Developing buildings with WELL ratings, functional and flexible workplace spaces and human-centric design will help us attract the best tenants over the entire lifecycle of the building and in turn maximise returns for our members.
This article was brought to you by Cbus, the industry super fund for building, construction and allied industries.
Cbus Property Pty Ltd is a wholly-owned subsidiary of Cbus and has responsibility for the strategic performance and management of Cbus direct property developments and investments. This information is about Cbus. It doesn’t take into account your specific needs, so you should look at your own business needs, objectives and requirements before making any financial decisions. Read the relevant Cbus Product Disclosure Statement and related documents to decide whether Cbus is right for you. Call 1300 361 784 or visit www.cbussuper.com.au for a copy. Cbus’ Trustee: United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 Cbus ABN 75 493 363 262.