What are the types of Construction Contracts?

There are different types of construction contracts provided by different construction organisations around NSW. Get to know them and see which of them is useful for your building project.

Construction contracts are agreements between owners and contractors. It is an important element in the building and construction industry, and the key to achieve success before starting off a building project.

There are different types of building and construction contracts that aim to cater to the rights and needs of owners and contractors alike. Here are the most common types of home construction contracts used in Sydney:

Lump Sum Contract

Cost Plus
Contract

Small Jobs
Contract

Large Jobs Contract

However, construction contract types also vary according to the association that provides assistance to homeowners and contractors. In Australia, there are three big building and construction associations that offer construction contract services:

Master Builders Association

MBA is the oldest employer association in Australia. It is also considered to be a building and construction industry leader in the country. MBA offers Residential Contracts for various building projects:

They can also provide:
A. Companion Forms

B. Extension of Time Claim

C. Progress Payment Claim

House Industry Association

The HIA is the official body of the home building industry of Australia. It aims to represent and serve the interests of the country’s housing industry at a regional and national level. To support this goal, they also offers templates of residential construction contracts.

Fair Trading

Fair Trading is a division of the Department of Finance, Services, and Innovation (DFSI). Its role is to make businesses accessible, fair, and simple for both employees and consumers in NSW.

Fair Trading Home Construction Contract types:

A. Small Jobs Contracts: Residential construction work worth between $5,000 and $20,000.

B. Large Jobs Contracts: Residential construction work worth more than $20,000.

Types of Construction Contracts by Small Builders

What is Small Builders and how can it help you?

Small Builders is an Australian building and construction software for builders and contractors. Its sole purpose is to help builders and contractors run a sustainable business. They are provided with powerful automated tools that could help them effectively manage their business and increase their profit.

One of the services that SB offers is Contract Administration. It aids builders and contractors in creating a carefully construction contract for their building projects.

SB Contracts

NSW Contracts:

Home Building Contract

Subcontractor Agreement

Commercial Contract

Response to Customer’s Purchase Order

SA Contracts

What Contracts Specialist can do for you

Aside from debt recovery and providing assistance with building disputes, specialist building and construction law firm Contracts Specialist also offers Contract Review services before signing your construction contract.

Why should you trust Contracts Specialist?

Contracts Specialist has extensive experience in drafting and reviewing a wide range of contracts of our clients – both contractors and homeowners – such as Home Building, Commercial, Lump Sum, and Cost Plus contracts, as well as Subcontract Agreements.

Before signing any construction contract, you may consult with our specialist Construction Contract Lawyer to so you can make sure that the things written on that agreement will be in your best interest. Also, it is important to be aware of common issues that may arise relating to building disputes such as:

Poor
communication

Lack of building and
construction knowledge

Neglect

Quality of
the work done

Payments and
council approvals

Delays in
construction work

Call Contract Specialist today so you have peace of mind and can ensure that you can avoid legal issues in the future.

You can be confident that you are getting the right legal advice.

Contracts Specialist is a Sydney-based construction law firm that deals with Building Disputes, Construction Contracts, Debt Recovery, and Security of Payment. With Contracts Specialist, you are ensured that you are in good hands.