Contracts for Building
A modest to large house could take about 12 months to build and involve 70 to 80 tradespersons. The slightest problem or variation can cause delays and cost increases. If we accept there are elements of risk in all building projects, the question is: who is to take on those risks? The basic premise of […]
Construction Starting Date
Defining the length of a construction period is not such a simple matter as it might appear. It is critical that you read your building contract carefully as the construction period probably does not commence from the date of contract signing. In order to determine the construction period, you need to make sure that you […]
Cost Plus Contracts
A cost plus contract is becoming a popular form of building contract in today’s busy building environment. Essentially it’s a contract where a builder, using its best endeavours, obtains materials and services at each stage of the building process, passing the actual costs on to the owner and adding an agreed margin to cover overheads […]
Extension of Time
Most building contracts allow the builder to claim an extension of time for completion of the project where there is a delay which could not reasonably be foreseen at the time of contract signing. Such delays could include strikes, unfavourable weather and unavailability of materials or labour. However, the exact terms of the building contract […]
Appliances and Building Specifications
It is common for home buyers to do insufficient research on whether a builder’s standard specification is suited to their needs. Frustrated new home owners sometimes discover too late that their new garage is not wide enough or high enough for their 4 wheel drive (especially for multi-vehicle households), or that their fridge is too […]