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NSW Residential building Contracts: explaining "other contract terms"
Every NSW Residential Building Contract HIA puts together has specific clauses designed to add value to the agreement. However, it can be overwhelming to work out the nitty gritty of what these clauses do for you. We’re here to help.
We’ve handpicked some common clauses in HIA contracts to explain to you, in detail. Get to know what they are, how they work and how to handle any owner questions on why they’re in the contract.
The clauses we cover in this information sheet include appointing a guarantor, securing progress payments, liquidated damages and more. Arm yourself with the knowledge you need to proceed.
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Who is it for?
Builders in NSW
HIA Residential Building Contracts’ common clauses and how they work.
What does it include?
- Guarantor and Deed of Guarantee and Indemnity
- Security accounts
- Progress payments
- Liquidated damages
- Other common contract clauses.