Standard Trade Contract

SCHEDULE 1 – THE WORKS

(i) Address of Work Site:

(ii) Description of the work which the Trade-Contractor is to complete: (If work is to be done in stages ensure you clearly identify the stages)

Documents relevant to the Trade-Contractor’s work:

Plans:

Specifications:

Other: The documents or relevant parts of documents applicable to the work of the Trade-Contractor, if any, must be detailed above and copies provided to or made available to the Trade-Contractor. SCHEDULE 2 – CONTRACT PRICE

The Contract Price is: (i) * LUMP SUM : $

OR * SCHEDULE OF RATES – attached

* Choose one option - delete the inapplicable option. Note: Unless otherwise specifically stated, the Lump Sum or Rate(s) are inclusive of the Goods and Services Tax (GST). (ii) PROGRESS PAYMENTS: A. Payment claims are to be made on the due date which is determined by the following:- (a) every ........................................ days from commencement of work; or (b) on the ........................................ day of the month B. Payment of the claim, as agreed or approved, will be made:- (a) ........................................ days after the claim is received; or (b) by the ........................................ AMPLE day of the next month after the payment claim is submitted provided the payment claim is submitted by the due date. Refer to Clause 4(f). (iii) LIQUIDATED DAMAGES: $ ........................................ per work day (unless otherwise stated). (iv) RETENTION MONEY: The balance of retention money is to be released ........................................ weeks after the Builder reaches Practical Completion.

Builder

Trade-Contractor

© Copyright - MASTER BUILDERS ASSOCIATION OF NSW - STANDARD TRADE CONTRACT - AUGUST 2014 2