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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 […]
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| 6 Jun 2013 BCA: Class 1a vs Class 2
Classification of a building is of paramount importance for the viability of a project. Getting it right from the start will ensure you are not over or under-specifying your buildings. Large developments are sometimes classified incorrectly as Class 2 based on the scale, instead of the actual definition of the buildings of the development. This […]
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| 6 Jun 2013 Financing a Renovation
The first thing to consider when you decide to renovate is exactly how you want to enhance your home. It seems obvious, but making sure you have a clearly defined vision from the start will minimise the risk of getting carried away and allow you to stick to a budget. Once you decide on what […]
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| 6 Jun 2013 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 […]
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| 6 Jun 2013 First Home Buyers & Incentives
There is a lot of assistance available to first home buyers from Governments. It is worth spending some time to carefully investigate the rebates and assistance available to you. First Home Owner Grant The WA Government’s First Home Owner Grant currently offers $10,000 to first home owners who purchase or build a new home, the […]
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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 Development Conditions
Development conditions are sometimes attached to the purchase of land. These conditions are set to protect the interest of buyers and are centred around building strong, vibrant and sustainable Western Australian communities. How conditions protect the buyer Stipulating a time frame for completion prevents land speculation by buyers who are only interested in land value […]