Construction Lawyer & Building Solicitors Sydney | Contracts Specialist Law Firm

Agreement between builders in construction contract Sydney | Contracts Specialist

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. Understanding the nuances of construction contracts can ensure that both parties are on the same page, reducing potential disputes.

Table of Contents

Security for a Lump Sum Contract icon- Common home building contract Sydney | Contracts Specialist

Lump Sum Contract

This is a fixed price contract where the contractor agrees to provide specified services for a specific price.
Cost plus contract icon- Common home building contract Sydney | Contract Specialist

Cost Plus
Contract

In this contract, the contractor is reimbursed for the actual costs they incur plus a fixed fee or percentage of the total project cost.
Small jobs contract icon- Common home building contract Sydney| Contracts Specialist

Small Jobs
Contract

Ideal for smaller projects, this contract type is straightforward and less detailed.
Large jobs contract icon- Common home building contract Sydney | Contracts Specialist

Large Jobs Contract

Suitable for more extensive projects, this contract type is more detailed and covers various project aspects.

Streamline Your Construction Contract Management with HBA

Understanding different construction contracts can be challenging. The Home Building App (HBA) offers tools and resources for efficient administration of construction contracts, making it easier for homeowners to manage their construction project. Utilise HBA for simplified and effective contract management.

Key Features and Benefits of HBA for Contract Management

  • Streamlined Communication: HBA centralises communication, aiding clear understanding of contract terms and negotiations, pivotal in contract administration.
  • Organised Documentation: The app’s robust document organisation feature helps categorise and access various construction contracts and related documents, streamlining contract review processes.
  • Task Management: Efficiently manage and track tasks related to the construction of your dream home.

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:

Home Industry Association (HIA) logo Sydney | Contracts Specialist
Master Builders Association (MBA) logo Sydney | Contracts Specialist
New South Wales (NSW) Fair Trading logo | Contracts Specialist
Master Builders Association (MBA) icon as the oldest employer association in Sydney | Contracts Specialist

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 Building Contracts for various building projects

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

C. Progress Payment Claim

Icon for Home Industry Association (HIA) as the official body of home building industry in Sydney | Contracts Specialist

Housing 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.

New South Wales (NSW) Fair Trading icon is a division of the Department of Finance, Services, and Innovation (DFSI) | Contracts Specialist

Fair Trading

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. They also provide construction contracts based on the value of the residential construction work.

Fair Trading Home Construction Contract types:

Legal Implications of Construction Contracts in Sydney:

Understanding the legal implications of each contract type is crucial, especially in Sydney. Different contract types may have varying legal considerations, such as payment terms, dispute resolution mechanisms, and responsibilities of each party. It’s essential to be aware of these implications to avoid potential legal issues in the future.

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

Small builders icon for Australian building and construction software for builders and contractors | Contracts Specialist

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

Why Choose Contracts Specialist for Your Construction Contract Needs in Sydney?

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. With our expertise in NSW-specific construction contracts and legal implications, you can be confident that you’re getting the right legal advice and that your interests are protected.

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 Building, Lump Sum Building Contract, 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 and construction 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

Get Expert Construction Contract Review and Advice

Expert contract review and advice is just a step away. Connect with us to explore how we can assist with your construction law needs.

Get Your Construction Contract Reviewed Now

Step 1: 
Simply fill out this form and upload your contract.

Step 2:
We’ll review it and return to you with a fixed-fee quote.

Minimise construction risks on cost, time, and quality.

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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 DisputesConstruction Contracts, Debt Recovery, and Security of Payment. With Contracts Specialist, you are ensured that you are in good hands.

Types of Construction Contracts
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Types of Construction Contracts
The Complete Handbook for Homeowners: Navigating Construction Law in New South Wales

If you’re a homeowner in New South Wales, it’s crucial to understand Construction Law to protect your investment. This ultimate guide to Construction Law is specifically designed to provide homeowners with essential insights into the legal landscape of home building in NSW.

The Complete Handbook for Homeowners: Navigating Construction Law in New South Wales

If you’re a homeowner in New South Wales, it’s crucial to understand Construction Law to protect your investment. This ultimate guide to Construction Law is specifically designed to provide homeowners with essential insights into the legal landscape of home building in NSW.

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