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  • Qbcc New Home Construction Contract November 2013 Page 2

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SCHEDULE FOR QBCC NEW HOME CONSTRUCTION CONTRACT This contract is intended to be used for the construction of a new home or other projects involving designated stages (i.e. base, frame, enclosed and.

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A building contract should include information about the scope of the work, a defined start and finish date and a price for the work scheduled, however, this should be as detailed as possible to cover a number of scenarios.

A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance.

For contractors, the main disadvantage or advantage of JCT contracts is that they are lump-sum contracts. This means that contractors and subcontractors carry the risk if the project costs increase due to changes in the design or delays.

Deposits. Generally, if the cost of your building work is $20,000 or more, the maximum deposit allowed is 5% of the total contract price (including labour, materials and GST). If the contract price is between $3,300 and $19,999, the maximum deposit is 10%.

5 Key Elements Every Construction Contract Should Contain 1) The project's scope. ... 2) The cost and payment terms. ... 3) The project's time frame. ... 4) Protection against lien law. ... 5) Dispute resolution clauses.

How to write a construction contract Who the parties are. ... The description of the works in a concise summary. The documents that must be referred to. ... Any design responsibilities the contractor has. ... Any compliance requirements, such as from planning, building control, party walls and utility companies.

A contract should contain everything agreed upon by you and your licensed contractor. It should detail the work, price, when payments will be made, who gets the necessary building permits, and when the job will be finished. The contract also must identify the contractor, and give their address and license number.

Written contracts don't need to be in legal language - they just need to outline: exactly what you're paying for (they can refer back to the quote for this) everything you've agreed on, eg timings, tidying up, materials and payments.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232