Latest Construction Contracts Articles

Building a new home is exciting but can be stressful if issues arise. Homeowners in NSW are protected by the Home Building Act, which provides statutory warranties for defects and incomplete work. In this article, we explore the importance of home warranty insurance and tips on ensuring your builder provides it.

Building or renovating a home can be stressful, especially if there are quality issues or delays. As a homeowner, know your rights under the Home Building Act and your contract with your builder. Builders have a duty to comply with regulations and provide statutory warranties. Misrepresentations, permit failures, and unauthorized variations can lead to disputes. This article provides guidance on selecting a builder who complies with obligations and delivers high-quality work.

Learn about Statutory Warranties under the HIA NSW Lump Sum Contract for building your dream home. The Home Building Act provides minimum workmanship and quality standards, protecting homeowners in case of defects, delays, or incomplete work. Discover who is responsible for these warranties, your contractual rights, and the role of builder’s warranty and statutory warranty insurance. Our guide helps you understand these essential aspects and resolve disputes with your builder.

A deed of novation is a legal agreement that transfers contract rights and obligations to a new party, commonly used in situations where a third party is taking over an existing contract or when the terms need significant alteration. Novation creates a new contract between the original parties and the new party, while assignment only transfers rights and obligations. Our guide explains the purpose, benefits, and key features and provides guidance on drafting and implementing a novation agreement.

Builders can lose money, clients, and reputation due to building delays. However, not all delays are within the builder’s control. Some are brought on by outside variables like bad weather, problems with the supply network, or client-initiated design changes. In these circumstances, the builders must prove that unforeseen event(s) caused the delay. In this article, we will discuss how builders can prove that external factors caused the delay in the project.

 Common misconceptions include that the contract expires after the building period ends, or that the owner has the right to terminate it.

Building or renovating a home can be a daunting task for homeowners in NSW. The process can be overwhelming, stressful, and expensive if not managed properly. That’s why using a pre-construction checklist is essential for staying on track and avoiding potential issues. This article will cover the benefits of using a pre-construction checklist and how it can help homeowners in NSW streamline the construction process and avoid costly mistakes.

You might believe as a homeowner that your construction job will be finished on schedule. However, weather, supplies, and unforeseen events can cause delays. Understanding the guidelines and processes for asking and receiving extensions of time is crucial when these delays occur. While it’s possible for homeowners to believe they have the final say in whether a time extension should be granted, in actuality extensions of time are frequently pre-approved or automatic when it has been expressly stated in the contractHowever, homeowners can dispute a notification of an extension of time by a builder if they have valid reasons to do so. Contrarily, failure to request an eot from the contractor may have severe consequences that could have an impact on the project’s completion and overall cost. In this article, we’ll examine the repercussions of not giving the contractor a deadline extension and how that might affect the project’s outcome.

Extensions of time (EOT) refer to the additional time given to complete the construction project beyond the original agreed completion date. EOTs are granted when there are delays caused by unforeseen circumstances, which are beyond the control of the contractor. The conditions for granting EOTs are usually stated in the construction contract. It is essential for contractors to understand the basic rules and procedures involved in requesting and granting EOTs. Failure to follow the correct process could result in the contractor being held responsible for delays, and may face penalties or legal action from the homeowner.

It’s crucial to be aware of common causes of budget blowouts in NSW construction projects to avoid financial risks and delays. In this article, we’ll discuss the main reasons why construction projects go over budget, including design changes, unforeseen site conditions, inadequate planning, and miscommunication. By understanding these factors, you can better prepare and mitigate the risks of budget overruns in your construction project.