NZCB InHouse February/March 2019

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NZCB NEWS —

Most contracts are available to complete and purchase online, and all are available to purchase as hard copies

Renovation Cost & Margin Similar to the standard Cost and Margin contract except for three main differences: First, the Builder only gets possession of that part of the building he is working on. Secondly, the Owner always takes out the contract works insurance. Thirdly, if you are charging on the basis of having reached defined stages of completion of the works, those stages have been left blank so that you can fill them out to fit the requirements of the project. Charge up situation, whereby hourly charge out rates of the builder and contractors are agreed upon, along with a margin on materials and services supplied by or to the builder. Flexible payment options to suit the builder.

Renovation Fixed Price+ Similar to the standard Fixed Price+ contract except for three main differences: First, the Builder only gets possession of that part of the building he is working on. Secondly, the Owner always takes out the contract works insurance. Thirdly, if you are charging on the basis of having reached defined stages of completion of the works, those stages have been left blank so that you can fill them out to fit the requirements of the project. This contract is to be used when an aspect [or all] of a project has a quoted element to it. Should there be variations to the quote then this contract allows for flexibility while still maintaining payment security. The deposit is held by the builder during construction and balanced at time of final invoice.

Cost & Margin Building Contract

0800 237 843 | nzcb.nz

Fixed Price+

Building Contract

0800 237 843 | nzcb.nz

Preliminary Services

Small Works & Alterations

This contract is intended for use where the builder has been asked to do some preliminary work in connection with a proposed building project, either prior to the project commencing, or as part of a feasibility study to determine if the project will go ahead.

Building Contract

0800 237 843 | nzcb.nz

Spec Build This Agreement is to be used when the builder is building a spec home and when the builder; owns the land on which he is building something, and, sells the land to someone before he is finished building. These terms should NOT be used when the builder intends to sell the land and commence building work after.

Don’t forget, it’s mandatory to take out a Halo Guarantee on all residential work over $30K

Need help with your building contract? Don’t forget your FREE NZCB Helplines. You can get 20 minutes of free advice with either of the below: • for technical questions call Peter Degerholm 03 443 6365 • for legal questions call Geoff Hardy 09 379 0700

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