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Calculating the cost of building work for building permit applications
Understanding how contract values, chattels, labour, materials and GST are treated is critical to avoiding delays or refused applications.
This article explains the changes to the Building Act 1993 (Vic), including how Relevant Building Surveyors assess the calculated cost of building work and what information must now be included in permit applications. It also outlines how provisional sums, prime cost items and builder’s margins are treated under the new requirements.
Builders and applicants who provide inaccurate or incomplete information risk having their permit application refused. This practical guide also explains what qualifies as a chattel, when a refusal can occur and what options are available if a decision needs to be challenged.
Access this resource now
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Who is it for?
Building Professionals
Residential building industry professionals in Victoria.
What does it include?
- What is the new formula?
- Are labour and materials inclusive of the builder’s margin?
- What are chattels?
- When can the RBS refuse a building permit application?
- Can a refused building permit application be challenged?