(FINAL_March2020) BC4 Contract_FLIPBOOK(s)

7. Defects Liability Period Refer to Clause 24.

Weeks

8. Agreed method of dispute resolution Refer to Clause 26.

(a) MEDIATION:

Nominating Officer

Organisation

(b) EXPERT DETERMINATION:

Nominating Officer

Organisation

(c) ARBITRATION:

Nominating Officer

Organisation

If nothing stated in (a), (b) or (c), then the President of the Master Builders Association of the State, Territory or place in which the works are located, or his nominee.

9. Pre Contract Costs The costs incurred (including preparation time by the Builder ) up to the date of signing the contract is

$

If nothing stated then 10% of the Contract Price.

RESIDENTIAL BUILDING CONTRACT BC4 - MARCH 2020 - NEW SOUTH WALES ix This is the minimum amount which will be payable if the contract is rescinded by the Owner under the cooling off provision applicable to this contract. Further costs may be incurred after signing the contract. --SAMPLE --