A speech written for the Royal Institute of Chartered Surveyors' Surrey LA Student Prize 2009*
Ultimately, appreciation of time. For time is both friend and enemy of the surveyor.
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Time drips well-managed and steadily-growing incomes into the coffers over decades.
It inflates asset values in areas enjoying regeneration and inward investment.
Time builds closer relationships with loyal clients, stronger bridges between partner companies.
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But time also means deadlines for a surveyor.
Negotiating between stakeholders, the public, local authorities, contractors and financiers all takes time.
Red book valuations must be completed in a timely manner.
And completing that sale within the financial period can make the difference between profit and loss for a client.
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The surveyor that appreciates time appreciates change.
Change in supply; new sources of finance, new regulations and new technologies.
And change in demand; new locations, new desires and needs, and new markets.
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But - time is dangerous, too.
Time feeds the elements, destroying the very fabric of buildings.
We’ve seen in recent months how quickly time can wash away years of hard work – how difficult it can be to survive one more month.
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Thankfully though, appreciating time lets you be a smarter surveyor.
Pricing risk over holding periods, discounting for inflation.
Synchronising lease fall-ins to allow refurbishment or re-division.
Phasing developments to spread construction cashflow and prevent flooding the market.
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So, do I have what it takes?
Well, I respect the past:
I continue to explore developments from times past in London and other cities across the world, learning what I can from those who have gone before me.
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And I anticipate the future:
Whilst jobs are few and far between, I persevere – anticipating the time when I can begin to contribute towards healthy growth for my company, our clients, and the wider economy.
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What makes a good surveyor? Ultimately, appreciation of time.
And it is time itself that brings my speech to a necessary end.
- 14 October 2009
