Get Instant Help From 5000+ Experts For
question

Writing Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Editing:Proofread your work by experts and improve grade at Lowest cost

loader
Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

Types Of Building Contracts And Administration Terms

50 Pages / 12,331 Words Published On: 02-09-2020

Contract types

1. Briefly describe each of the following types of contract and discuss their application to building projects. From the list, nominate the contracts you as the builder, would utilise for the construction of the house in Project 1, contracting to ‘homeowners’. Justify your selection.

Contract types:

  • Lump sum contract
  • Lump sum subject to rise and fall
  • Cost plus a percentage
  • Project management
  • Schedule of rates
  • Sub-contract

2. Briefly define and explain each of the following terms in relation to the administration of a building project.

Contract terms:

  • Variation
  • Prime cost item
  • Provisional sum
  • Extension of time
  • Liquidated damages
  • Possession of the site
  • Cooling off period
  • Defects liability period
  • Retention
  • Progress claims

3. List and explain the five (5) essential features of a building contract

4.
 1.Nominate and discuss three (3) most possible causes of breach of contract by the client which could lead to the termination of the contract.
 2.Nominate and discuss three (3) most possible causes of breach of contract by you, the builder, which could lead to the termination of the contract.

5. List and describe all the possible documents that could form a building contract.

6. Select an appropriate contract for the administration of project 1 and obtain a full copy of the document. Complete the contract in readiness for it to be executed (signed) by the client.

You may select a contract from your ‘home’ State or Territory.

Detailed below is information to be used in the preparation of the contract. Where additional information is required, you should use your knowledge and initiative to include relevant information which will maintain the integrity and context of the contract for the construction of the cottage. In other words, the contract should be consistent with industry standards.

Details for completion of the contract:

Contract sum: $275,000.00
Time for completion: 26 weeks

Note: the contract can be handwritten but MUST be well presented and legible i.e. easily read, understood and present your business in a good light.

7.
In the table below, the trade breakdown for Project 1 has been given to you. These values are gross values i.e. they have the builder’s margin (nominated at 12% for this project) and GST included. You are required to complete the VALUE OF MARGIN AND GST, NET VALUE, AND % OF NET CONTRACT for each trade area.

TRADE AREA

GROSS VALUE

($)

VALUE OF MARGIN AND GST ($)

NET VALUE ($)

% OF CONTRACT SUM

Preliminaries

25000

Excavator

5000

Concreter

19000

Bricklayer

24000

Carpenter

43000

Joiner

15000

Doors and Windows

26000

Roofer

16000

Linings/Insulation

20000

Electrician (Provisional Sum)

24000

Plumber and Drainer (Provisional sum)

24000

Tiler

12000

Painter

10000

Landscaper (Provisional sum)

12000

CONTRACT SUM

275000

2. Prepare a progress claim schedule based on monthly progress claims. This schedule is required to be attached to your chosen contract and shown as the terms of payment. The schedule should be presented in table format and include a payment for the number of months the project will be running as stated in the contract under ‘Time for Completion’.

You have been given the % of work completed for each trade in each month. You are required to calculate the value complete for each trade area and the total monthly claim amount in order to calculate the monthly progress claim. Remember, the values that you will calculate for each month will be the cumulative value of the work complete for the project at that point in time.

You are also required to show retention taken from your claims, even if the contract you have chosen to use does not have a retention clause. Retention is to be taken at 10% of each progress claim until the maximum of 5% of the contract sum is reached. 50% of the retention is to be released at Practical Completion and the other 50% to be released at the end of the defects liability period (DLP). The DLP is commonly 13 weeks for a residential project.

MONTHLY PROGRESS CLAIM SCHEDULE

TRADE

VALUE ($)

MONTH 1

% COMPLETE

MONTH 2

% COMPLETE

MONTH 3

% COMPLETE

MONTH 4

% COMPLETE

MONTH 5

% COMPLETE

MONTH 6

 % COMPLETE

MONTH 7

% COMPLETE

Preliminaries

25000

35

45

60

75

90

95

100

Excavator

5000

100

100

100

100

100

100

100

Concreter

19000

60

100

100

100

100

100

100

Bricklayer

24000

20

70

100

100

100

100

100

Carpenter

43000

0

30

75

100

100

100

100

Joiner

15000

0

0

0

20

50

95

100

Doors and Windows

26000

10

60

80

100

100

100

100

Roofer

16000

0

0

70

95

100

100

100

Linings/Insulation

20000

5

5

10

60

100

100

100

Electrician (Provisional Sum)

24000

10

18

28

60

75

85

100

Plumber and Drainer (Provisional sum)

24000

0

18

18

60

75

85

100

Tiler

12000

0

0

0

15

50

100

100

Painter

10000

0

0

0

0

30

75

100

Landscaper (Provisional sum)

12000

0

0

0

0

0

10

100

CONTRACT SUM

275000

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). Types Of Building Contracts And Administration Terms. Retrieved from https://myassignmenthelp.com/free-samples/cpccbc4003a-select-and-prepare-a-construction-contract1.

"Types Of Building Contracts And Administration Terms." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/cpccbc4003a-select-and-prepare-a-construction-contract1.

My Assignment Help (2020) Types Of Building Contracts And Administration Terms [Online]. Available from: https://myassignmenthelp.com/free-samples/cpccbc4003a-select-and-prepare-a-construction-contract1
[Accessed 22 September 2023].

My Assignment Help. 'Types Of Building Contracts And Administration Terms' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/cpccbc4003a-select-and-prepare-a-construction-contract1> accessed 22 September 2023.

My Assignment Help. Types Of Building Contracts And Administration Terms [Internet]. My Assignment Help. 2020 [cited 22 September 2023]. Available from: https://myassignmenthelp.com/free-samples/cpccbc4003a-select-and-prepare-a-construction-contract1.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question

Writing: Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Editing: Proofread your work by experts and improve grade at Lowest cost

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

icon
5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?
close
Subtraction Payment required!

Only one step away from your solution of order no.