Once your DA is approved, there are many decisions to be made before your builder hands you the keys. The success of the result from this point on rests with your understanding of the contract sum estimation process, the contract, and the performance of the construction.
Sunday, January 27, 2008
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Understanding both you and your builders’ responsibilities under a contract is crucial to minimising the risk of problems occurring during construction. Your builder should take the time to discuss the contract and conditions with you and allow you reasonable time to read through the contract on your own. A minimum five-day cooling off period generally applies to all residential construction contracts after the date of signing.
Wednesday, January 23, 2008
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A range of insurance policies are required to perform construction works as a licenced builder. Each builder’s insurance policy types, policy wording, and amount of each policy cover may vary. Builders are assessed for eligibility for particular insurances relating to residential construction work when contracting directly with home owners and some may be restricted or limited in the value of work they can perform and the type of contractual arrangement they can perform the work under.
Wednesday, January 23, 2008
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