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Builder’s fee vs margins: Key differences in HIA VIC Cost-Plus Contracts
HIA Victorian Cost Plus Contracts include a range of terms to cover costs incurred during a residential building project. It is important to know the difference between these key terms to ensure your business dealings with the owner are compliant with the contract.
You’ll learn about how you need to handle variations after the contract has ended, more information on builder’s fees and margins are calculated, and a detailed explanation of how PC and PS items are laid out in a Cost-Plus Contract. In this handy resource, you’ll learn everything you need to know about Cost-Plus Contract terms.
Access this resource now
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Who is it for?
Building professionals
Housing industry professionals in Victoria who need greater clarity on frequently used terms in HIA contracts.
What does it include?
- Builder’s fee
- Builder’s margin on variations and when the contract is ended
- Margin on Prime Cost (PC) and Provisional Sum (PS) items
- Builder’s mark up.