Types of Construction Contracts
By Contracts Specialist|June 01, 2022
Types of Construction Contracts
The construction contract is the backbone of any successful building project, be it residential or commercial. It defines what work will be done, when it needs to start and end (date), payment terms, as well as penalties for delays in delivery, or failure on either party's behalf.
Have you ever wondered what type of contracts are used for home construction in Sydney? The most common types include:
Master Builder Association (MBA)
The MBA is a well-established builders association in Australia. It has been leading the building and construction industry for many years now, with its Residential Contracts being available on all sorts of projects such as:
A. Companion Forms
-Residential Building Specification
-Confirmation of Variation
B. Extension of Time Claim
- Standard Trade Contract
C. Progress Payment Claim
Housing Industry Association (HIA)
The HIA is a national organization that offers templates for residential and commercial construction contracts. Their goal to represent and serve the interests of Australia’s home building industry at an intermediate level has led them to produce informative resources like helpful guides.
Office of Fair Trading
The NSW government has a program called Fair Trading that's designed to make business transactions and consumer access fair for both business owners as well as consumers.
Fair Trading Home Construction Contract types:
A. Small Jobs Contracts: Residential construction work worth between $5,000 and $20,000.
B. Large Jobs Contracts: Residential construction work worth more than $20,000.
What is Small Builders and how can it help you?
Small Builders is an Australian building and construction software for builders and contractors. Its sole purpose is to help builders and contractors run a sustainable business. They are provided with powerful automated tools that could help them effectively manage their business and increase their profit.
One of the services that SB offers is Contract Administration. It aids builders and contractors in creating a careful construction contract for their building projects.
SB Contracts
NSW Contracts
Home Building Contract
Commercial Contract
Why choose Contracts Specialist?
Contracts Specialist has extensive experience in drafting and reviewing a wide range of contracts for contractors and homeowners – such as Home Building, Commercial Building, Lump Sum, Cost Plus, as well as Subcontract Agreements.
The construction contract is the backbone of any successful building project, be it residential or commercial. It defines what work will be done, when it needs to start and end (date), payment terms, as well as penalties for delays in delivery, or failure on either party's behalf.
Have you ever wondered what type of contracts are used for home construction in Sydney? The most common types include:
- Lump Sum Contract
- Cost Plus Contract
- Small Jobs Contract
- Large Jobs Contract
Master Builder Association (MBA)
The MBA is a well-established builders association in Australia. It has been leading the building and construction industry for many years now, with its Residential Contracts being available on all sorts of projects such as:
- Residential Building
- Cost Plus Residential
- Residential Renovations & Additions
- Residential Minor Works
- Swimming Pool Construction
A. Companion Forms
-Residential Building Specification
-Confirmation of Variation
B. Extension of Time Claim
- Standard Trade Contract
C. Progress Payment Claim
Housing Industry Association (HIA)
The HIA is a national organization that offers templates for residential and commercial construction contracts. Their goal to represent and serve the interests of Australia’s home building industry at an intermediate level has led them to produce informative resources like helpful guides.
Office of Fair Trading
The NSW government has a program called Fair Trading that's designed to make business transactions and consumer access fair for both business owners as well as consumers.
Fair Trading Home Construction Contract types:
A. Small Jobs Contracts: Residential construction work worth between $5,000 and $20,000.
B. Large Jobs Contracts: Residential construction work worth more than $20,000.
What is Small Builders and how can it help you?
Small Builders is an Australian building and construction software for builders and contractors. Its sole purpose is to help builders and contractors run a sustainable business. They are provided with powerful automated tools that could help them effectively manage their business and increase their profit.
One of the services that SB offers is Contract Administration. It aids builders and contractors in creating a careful construction contract for their building projects.
SB Contracts
NSW Contracts
Home Building Contract
- Home Building Lump Sum Contract
- Home Building Cost Plus Contract
- Subcontractor Agreement – Lump Sum
- Master Subcontract Agreement
- Subcontractor Purchase Order
Commercial Contract
- Commercial Building Lump Sum Contract
- Commercial Cost Plus Contract
- Response to Customer’s Purchase Order
Why choose Contracts Specialist?
Contracts Specialist has extensive experience in drafting and reviewing a wide range of contracts for contractors and homeowners – such as Home Building, Commercial Building, Lump Sum, Cost Plus, as well as Subcontract Agreements.
