Undergoing any construction project can be an exciting time- however can be intimidating if not properly prepared. For any construction project, you and the building you are working with will sign a building contract- which is a written contract that is vital if you plan on building a house. It is a legally binding agreement that allocates the duties between both parties, recognizes and allocates the risk to the different parties, reduces uncertainty surrounding the project, and allows the parties to plan for the future of the project. Here at CD Construction Group, the leading construction company in Sydney, we have a team of skilled building contractors that handle project planning, team management, progress tracking, and legal issues. Due to our vast experience in construction, we work with construction contracts on a regular basis; and it is our duty that you know everything about them.
Starting date
In a construction contract, it will state the starting building period date- which is when the builder starts construction of your home. Generally, builders will commence construction within 20 working days of obtaining a construction certificate. If they have not started the construction when stated on the contract, there may be a breach of contract, and you should consider further questioning.
Terminating your building contract
Often, it can be fairly difficult to get out of a building contract. There is so much that goes into planning a construction project, so terminating one can be a long tedious process. Builders will have a period of time that they are contracted to finish the construction by. However, builders are entitled to extensions under the contract- either due to industry shutdown periods, weather, and various other reasons. There is not a lot you can do in order to terminate a contract unless the builder’s license is cancelled or suspended without a just cause. Terminating a contract will most likely cost you a fair bit. As such, it is important that you undergo a building project with a construction company that you trust.
Fixed prices
When signing a building contract, ensure that you obtain a fixed price. You must be certain that you are not going to be liable for site costs and many other hidden costs within the building contract. Building contracts will be one of the last steps before undergoing construction, so a clear budget would have been written up, and you will have an exact number of how much it should cost you.
Consider CD Construction Group
With so many different construction companies in Sydney, it can get confusing as to what company you should go with. Here at CD Construction, we have a successful track record for over 20 years, and have a reputation of commitment and communication- two aspects that you definitely want in your construction company. For more information on our expertise, click here.
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