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Briefly describe each of the following types of contract and discuss their application to building projects. From the list, nominate the contracts you as the builder, would utilise for the construction of the house in Project 1, contracting to ‘homeowners’. Justify your selection. Contract types: • Lump sum contract • Lump sum subject to rise and fall • Cost plus a percentage • Project management • Schedule of rates • Sub-contract
Question 2 Briefly define and explain each of the following terms in relation to the administration of a building project. Contract terms: • Variation • Prime cost item • Provisional sum • Extension of time • Liquidated damages • Possession of the site • Cooling off period • Defects liability period • Retention • Progress claims
LA018068 Assessment 3 CPCCBC4003A, Ed 4&5 1 © New South Wales Technical and Further Education Commission, 2014 (TAFE NSW – WSI), Version 2, March 2016
Question 3 List and explain the five (5) essential features of a building contract
Question 4 a. Nominate and discuss three (3) most possible causes of breach of contract by the client which could lead to the termination of the contract. b. Nominate and discuss three (3) most possible causes of breach of contract by you, the builder, which could lead to the termination of the contract.
Question 5 List and describe all the possible documents that could form a building contract. Question 6 Select an appropriate contract for the administration of project 1 and obtain a full copy of the document. Complete the contract in readiness for it to be executed (signed) by the client. You may select a contract from your ‘home’ State or Territory. Detailed below is information to be used in the preparation of the contract. Where additional information is required, you should use your knowledge and initiative to include relevant information which will maintain the integrity and context of the contract for the construction of the cottage. In other words, the contract should be consistent with industry standards