Building Contracts Explained: What Builders, Owners and Subcontractors Must Include to Protect Themselves
Construction contracts in Victoria need to not only balance risk but to comply with the new legislation and work with the new processes being introduced by the Building and Plumbing Commission.
With the amount of changes in Victoria it is no wonder builders, plumbers, consultants and contractors are unsure of where building law is now at.
Don’t worry, at BU Lawyers we have got you covered, we know the:
We have already began preparing new subcontractor forms that work with the new legislation and assist builder and subcontractors alike.
Owners should also understand the requirements of a building contract and there are many repercussions if the clauses are not properly considered and particularly in relation to understanding provisional sums, prime cost items and termination rights before signing.
Carefully drafted contracts reduce the likelihood of dispute and strengthen enforceability if proceedings become necessary.
At BU Lawyers we know building contracts, we know the new law and we want to know the ins and outs of your business or project to build contracts that suit your needs.
We are experts in building law, we turn around work quickly and efficiently and with building contracts we offer flat fees for standard work. Reach out and ask us how by emailing our intake team at BU Lawyers by emailing clerk@bulawyers.com.au or our practice manager paula@bulawyers.com.au.
This article is a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Introducing Continuity Perpetuity, a fictional insurer whose proprietary claims methodology ensures every claim is perpetually considered and then vigorously defended.
With Victoria's Royal Commission into major construction projects underway, the real question is not who gets called or charged. It is what actually comes out the other end.
A significant concern is emerging about the practical protection warranty insurance gives to people who buy a home after the building works are finished. Fall-Armytage brings it into focus.
Insurers increasingly offer cash settlements from preferred repairers that will not cover the cost of the actual repairs, and the scope of works proposed is often not enough.