A Construction Contract Agreement is a written document that contains everything that is agreed upon by both of the homeowner and the contractor. It carefully outlines the terms and conditions of the agreement, the rights of either party, the amount to be paid, and the date when building work will start, and the expected completion date. As experts in construction law, Contract Specialist understands the importance of construction contracts. It is vital to have a well-written contract if you are to have any type of construction work done, because:
The Home Building Act requires it
It protects the rights of both the owners and contractors
It makes sure that the owner’s plans and conditions are laid out carefully
It makes sure that owners and contractors alike are working towards the same direction and the same goal
The Home Building Act 1989 is the law that regulates the residential building industry and certain specialist work in NSW. Its main concerns are home building works such as construction, renovation, and alteration. It also regulates matters such as insurance, contractor licenses, contract prices, warranties for contractors and consumers, etc.
Homeowners primarily benefit from the Act. But since it provides rules for stakeholders, we can say that it benefits everyone in the building and construction industry. Clear guidelines make for better construction contracts. Also, amendments have been made to the legislation to add more appropriate protection for traders and builders. The changes made required homeowners to act promptly and immediately lodge complaints when defects are discovered.
Are the issues (mentioned above) subject to the Home Building Act?
Yes, but it is also governed by the building contract.
A poorly-written contract is equivalent to a breach of the law. If you are about to sign a contract, you must look our for these red flags!
In other words, a poorly written contract is considered a BAD CONTRACT.
The specialist building and construction lawyers of Contracts Specialist have 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. We know the importance of construction contracts and how they can affect a homeowner’s investment and a contractor or builder’s business.
Consult with Contract Specialists so you can get some peace of mind. Having a good contract at the start of a construction project is vital to its success. Before signing anything make sure that everything written on that construction contract agreement will be in your best interest. Our construction lawyers can give you confidence before you go into any agreement and we can ensure that well-crafted contracts will help protect you should any legal issues and building disputes come up in the future.
Call Contracts Specialist for a free first consult. It will cost you nothing to know where you stand legally.