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COST PLUS CONSTRUCTION CONTRACT

COST PLUS CONSTRUCTION CONTRACT _____ _____ OWNER BUILDER 1 COST PLUS CONSTRUCTION CONTRACT Suitable for any type of larger scale residential building work, where there is no lump sum CONTRACT price, as covered under the Home Building Act 1989 (NSW) Owner Name: _____ Site Address: _____ Date: _____ COST PLUS CONSTRUCTION CONTRACT _____ _____ OWNER BUILDER 2 TABLE OF CONTENTS CHECKLIST Schedule 1 CONTRACT Details Schedule 2 Cost of the Building Works Schedule 3 Builder s Fee Schedule 4 Progress Payments Schedule 5 Excluded Items Schedule 6 Warranty Insurance Schedule 7 Special Conditions Schedule 8 Signatures 1. Definitions 21. Indemnity 2. Primary Obligations 22. Insurances 3. Preliminary Matters 23. Practical Completion 4. Security Account 24. Final Certificate 5. Ability to Pay 25.

COST PLUS CONSTRUCTION CONTRACT _____ _____ OWNER BUILDER 6 10. Contract Period The building works must reach the stage of practical completion no more than _____ weeks after the contract period commenced under Clause 8, as extended under Clause 9. If there is no contract period, then the builder must complete the building works within a

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