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Guidelines when using ACT Cost Plus contracts
When it isn’t possible to provide a fixed quote before you commence works on a residential building project, a Cost Plus contract is a great solution to managing your relationship with the homeowner and protecting yourself financially.
It’s no secret that labour and materials costs have grown exponentially, creating a problem for builders when a contract is required before you and your team step on-site.
This detailed resource will guide you through creating an airtight Cost Plus contract, safely estimating your project, framing what is involved in the building works and best practice for your schedule of progress payments.
Access this resource now
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Who is it for?
Building Professionals
An expert-led, user-friendly and practical resource dedicated to Cost Plus contracts in the ACT.
What does it include?
- Do I need to provide an estimated Contract Price?
- What if the owner insists on an estimated Contract Price?
- What happens if the estimate exceeds the final price of the works?
- What do I need to do when giving an estimate?
- What are the key contract provisions?
- What does “cost of the building works” include?
- What is the builder’s fee?