Bonding
Bonding is a term used in a number of contexts for people involved in the land development or building sectors. Below are two of these uses. In the land development sector, suppose a developer has a land sub-division requiring $10 million worth of civil work and provision of essential services, but has only completed $7 […]
Building Inspections: Existing Homes
In general buyers should arrange the following inspections prior to purchasing an existing home: A building inspection: in order to check for structural problems. A pest inspection: in order to ensure the house is free of termites and pests. There are a number of precautionary steps that you can take to ensure that you are […]
Bonds and Deposits with Councils
Many Local authorities require building licence applicants to lodge a cash security bond in case of damage to footpaths or other requirements during the construction process. Some councils also require a “performance” bond as some kind of assurance that all building codes and regulations will be complied with, or that landscaping will be completed. The […]