The importance of paying for variations or additional work requested by the homeowner under the HIA NSW Lump Sum Contract
The HIA NSW Lump Sum Contract is a widely used contract in the construction industry, particularly for residential construction projects. This contract is designed to provide a fixed price for the entire construction project, which includes all labor and materials necessary to complete the works. This type of contract is useful for homeowners who want to have certainty around the cost of their building project. The contract outlines the scope of works, payment schedule, and timeline for completion. It also includes provisions for variations and additional works, which allow the homeowner to request changes to the original scope of works. However, it’s important for both the homeowner and builder to understand their obligations and responsibilities under the contract to avoid disputes and potential breaches.