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| 6 Jun 2013 Building Sites and Theft
Under most building contracts, the builder controls the site until practical completion. During the construction period a builder is usually responsible for theft, vandalism or other damage that occurs on the site. A builder may be able to claim on its insurance policy or may absorb the cost, depending on the amount involved. If your […]
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| 6 Jun 2013 Concrete Cancer
Concrete cancer often occur in coastal areas where sea salt can cause unwelcome reactions in brickwork, mortar and concrete slabs. Efflorescence is a powdery white salt deposit that can form on cement-based products like bricks, mortar and sometimes concrete. It usually appears when dry, hot weather follows a period of cool wet weather. Evaporation of […]
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| 6 Jun 2013 Construction Costs
Construction costs have risen strongly in recent years and it is important that your building is accurately valued at replacement cost for insurance purposes. If you have not reviewed the “sum insured” on your home recently, then you should do so. To give you a general guide as to recent trends in building costs, you can […]
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| 6 Jun 2013 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 […]
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| 6 Jun 2013 Defects Liability
Under many building contracts, you have a contractual right to have defects addressed. The contractual rights can be exercised by the property owner, but not usually by a third party. There are general entitlements under the Building Services (Complaint Resolution and Administration) Act 2011 that allows a person to make a complaint about defective building work. […]
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| 6 Jun 2013 Environmental Due Diligence
Environmental Due Diligence is a key tool in managing risks prior to, or at the outset of projects. Key legislation, as it applies to the industry, includes the Environmental Protection Act 1986, Town Planning and Development Act 2005 and the Environment Protection and Biodiversity Conservation Act 1999. An environmental due diligence assessment defines opportunities and […]
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| 6 Jun 2013 Earthworks
Risk of Owner Earthworks Some home owners take on the task of organizing the earthworks and their certification themselves, rather than the builder charging for the responsibility. The aim of this is often to reduce building costs, removing these works from the contract with the builder. This in theory sounds fine, until you […]
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| 6 Jun 2013 Tips: First Home Buyer
First home buyer – tips Buying a first home can be a daunting experience. To make this process enjoyable, think about the following tips: 1. Read the contract carefully Make sure that you understand all the terms and conditions. If not, ask!! 2. Allow extra time for delays Despite the best intentions projects can run […]
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| 6 Jun 2013 Prefabricated Fencing
Prefabricated Fencing – New Innovation keeping with tradition When choosing a fence, builders and renovators need to consider the style of home they want to achieve and the purpose of the fence before being able to select the most suitable product on the market. Traditional fencing systems such as brick, timber or corrugated fences all […]
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| 6 Jun 2013 Financial Management
Construction companies need to carefully manage their business to address cash flow and other financial risks. There are a range of reasons why established businesses fail or suffer financial distress. These include a lack of adequate funding, a lack of an early warning reporting system, a failure to recruit quality personnel and a […]