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Important Facts Regarding The Creation Of A Building Contract

April 8th, 2018

When a construction is being carried out there are certain terms that needs be set. A building contract includes these terms which are agreed to by the owner of the land and the building contractor. It is not an easy task. Also, you will find yourself struggling especially if you are new to this field. To help you be aware of the specifications of this contract, continue reading. This article will bring out what’s in store for you when creating a building contract. 

Land 

The area selected for your building needs to be registered. Till the construction certificate is issued, the building contract will not commence. If the registration process takes longer, the builder will have the opportunity to increase their charges. This is a factor you need to be well concerned about. 

Documentation 

There are many documents that are required to get your building contract together. It should include legal certificates such as home owners warranty, your tender, building specification, plans, conditions, the building contract and more. Therefore it will be better if you can get some professional advice. There are many construction law firms who have specific personnel with qualified experience in this matter. Hiring one will help you with your building contract. 

Time frame 

This cannot be exactly specified. Within 20 working days of issuing the construction certificate, your builder is to start the construction. The day of commemoration will be the date your building period starts. The time period of the construction varies from builder to builder. Also, external factors such as the climate changes, delays in approvals, sudden accidents or personal matters of your own or the builder can affect the time period as well. This will lead to an extension on the building contract. 

Prices 

Make sure that you obtain a fixed price building contract. The first few pages of your contract will include varying prices or they might be only fixed for certain period of time. Being aware of the number that you will be facing from the beginning of your construction till the very end is very important. As mentioned previously, getting advices from a professional will certainly benefit you. Construction lawyers are specifically qualified in this field. Thereby they will guide you as required. You don’t want to be liable for any costs at the end.  

At the completion of your construction, the builder will issue a certificate of practical completion and an invoice. This will certify the completion and the payments. Furthermore, it will ensure that the builder has not violated any sort of conditions or building rules and standards. The end results will surely satisfy you.  

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