TOGA Group awarded 4.5 Gold Star rating under new iCIRT
Leading Australian property developer, Toga Group, has been awarded a 4.5 out of 5 Gold Star rating by the new Independent Construction Industry Rating Tool (iCIRT), following a rigorous assessment.
The ratings tool has been launched to rebuild public trust and market transparency in residential
construction as part of the NSW Government’s Construct NSW Transformation Strategy.
The award makes TOGA one of only three developers to be awarded a 4.5 Gold star rating and is the highest rating achieved by a developer so far.
While the independent assessment by Equifax is currently voluntary, developers and builders must meet the minimum average of three out of five stars or above to be deemed “trustworthy” and be included on the public register, along with a Gold, Silver or Bronze star indicator.
TOGA’s Managing Director, Allan Vidor said ultimately, the rating is a testament to the group’s dedication to delivering the highest quality outcomes for customers in every aspect of their developments.
“Buyers can be confident, trusting that TOGA has passed the test and has the capital, the experience and the capability to create homes and residential communities that will last,” Vidor said.
Builders and developers undergo a rigorous review process, with the assessment evaluating them across six specific criteria including character, capability, conduct, capacity, capital and counter parties, in addition to historical results.
“This is a game changer for homebuyers and the industry,” Vidor said.
“A home is one of the most significant investments Australians make, so it’s vital to be able to trust the developers, builders and industry that create these assets. We stand by what we build and deliver at TOGA, and suggest all consumers who are on their property journey to review the iCIRT listing as part of their research.”
TOGA’s strong iCIRT rating was supported by a range of factors, including its tenure and long-history of successful development in Australia, operational and customer transparency, significant repeat and loyal customer base, partner and supplier relationships, and the in-house skills, the level of technical expertise and engineers within the team.
NSW Building Commissioner, David Chandler OAM, said, iCIRT was introduced to not only set a new standard but to also give property buyers the confidence the builder or developer they’re looking to buy from is a trusted party.
“There’s no denying the reputation of the industry has taken a hit in recent years. The iCIRT rating system was introduced to rebuild trust and acknowledge those in the industry, like TOGA, who are doing the right thing. Congratulations TOGA for setting the benchmark for best practice,” Chandler said.
“As I get to know more of the increasing community of iCIRT rated developers and builders, a common theme is emerging. The first is that customers are at the centre of how they do business,” he said.
“The second is the ingrained integrity that these companies strive to build to underpin how they deliver buildings.”
iCIRT currently rates builders, developers and certifiers on a voluntary basis. In due course, designers, manufacturers and suppliers will also be able to be rated. Consumers will also be able to rate industry professionals.