(FINAL_March2020) BC4 Contract_FLIPBOOK(s)

THE ORIGINAL HOME BUILDING COMPENSATION FUND INSURANCE CERTIFICATE IS TO BE PROVIDED TO THE OWNER THE BUILDER IS TO KEEP A COPY

Contract Price

$

HOME BUILDING ACT WARNING AS TO MATTERS WHICH MAY CHANGE THE CONTRACT PRICE

The contract price stated above is the amount payable based upon the work to be done under the contract as at the date of the contract.

If the work under the contract changes then the contract price may change. When the work is done may also affect the contract price. The following provisions of the contract will, or may in appropriate circumstances, change the contract work and/or the contract price or costs payable by the Owner .

Clause 2 (f) 2 (g) 2A (b) 4 (d) 5 (b) 9 (b) 10 (c) 11 (f)

mandatory inspection fees

full approval terms not provided prior to pricing by Builder meeting determines that work to be done is to be altered Owner instructions concerning ambiguities mandatory inspection fees payable by the Owner

relevant materials unavailable damages for late completion delay costs payable to Builder

12 13 14 15 17

statutory requirements or fees change post contract

site investigations

variations to the contract works

prime cost items/provisional sum items

insurance of works

19 (c) 20 (f)

GST adjustments due to changes in the contract work

interest due to late payment suspension of contract works interest for late final payment

21

23 (c)

Additionally the contract price may be affected by changes to the amount charged for, or the conditions attached to the provision of insurance issued in compliance with the Home Building Act 1989. The cost of the insurance under the Home Building Compensation Fund is payable by the Owner(s).

This is page 1 of the contract. It specifically forms part of the contract document.

RESIDENTIAL BUILDING CONTRACT BC4 - MARCH 2020 - NEW SOUTH WALES i