Cost Plus - Residential

(d) CONSTRUCTION FUNDING SOURCE OF FINANCE:

Owner :

$

Lending Authority:

$

To be provided by:

(e) ANNUAL INTEREST RATE FOR OVERDUE PAYMENTS Clauses 17(f) and 21(c)

% p.a.

If blank, then 15%

(f) DEFECTS LIABILITY PERIOD Clause 22

weeks

(g) IS ADMINISTRATION OF THE CONTRACT BY A THIRD PARTY APPLICABLE: n YES n NO (Please tick appropriate box) If yes attach special condition identifying the duties and powers of the third party (available from the Master Builders Association of NSW).

(h) NOMINATING AUTHORITY AND ORGANISATION FOR DISPUTE RESOLUTION PROCESS

If blank, then The President of the Master Builders Association of New South Wales or his delegate.

(i) DELAYS COST – REIMBURSEMENT OF COSTS FOR DELAY

(i) Payable by Builder refer to Clause 10(e)

per calendar week

$

(ii) Payable by Owner Clause 11(f) (j) DEMOLITION MATERIAL WHICH OWNER IS TO KEEP: (List Details) AMPLE $ per calendar week

RESIDENTIAL BUILDING CONTRACT COST PLUS - MARCH 2015 - NEW SOUTH WALES 9