Consumer Building Guide NSW- Fixed Price or Lump Sum Contract
Although a fixed price contract is intended to be for a ‘fixed price’, it is not uncommon for the final cost to increase as builders will occasionally seek a variation in the contract price due to unforeseen circumstances.
Changes to the total price of a fixed price contract usually occur when the builder encounters a condition that was not anticipated (eg. the existing footings are insufficient for the new work or window size changed or several concrete slabs were under the soil).
The builder will usually seek an increase in the price of the contract by asking for a ‘variation’ to the price.
Reference- NSW Fair Trading viewed 15/2/12, image source google
Como Building P/L, Michael Como provides in SYDNEY, an NSW Building Regulations Consultancy service that comprises, Interpretation of NSW legislation relevant to the construction of Class 1 and 10; Issuing: Complying Development Certificates (CDC), Construction Certificates (CC) [after a local council has approved a development], Occupation certificates (OC), Compliance Certificates, BCA Reports.
Also, a pre-purchase property inspection or building inspection by Michael Como may empower you with knowledge about the condition of a property currently or before you buy and help you avoid future problems and unexpected costs. However, this service can only be conducted if the insurer is onside.
Michael Como is Your Custom Home Builder in Sydney with over 40 years of construction experience, a Master Craftsman sharing innovative Restoration/renovation Ideas. Licensed since 1988. At this stage, I will only work on a contracted agreed hourly rate.
Let your imagination soar as you enjoy Building Green Homes or Straw houses or Hemp Homes or Heritage Style Restoration or Bathroom renovations or UHR or Sealing…. Etc.
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COMO 2010-2020 http://como-private-building-certifiers.business.site/
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I engaged website professionals that I know personally on 2 occasions to:
Give birth to the site in late 2009 and modernise/update/freshen/’’ ’’mobile friendly-ize’’ the site in 2017 > Life experience comes into play and I post my blogs > There’s a lot people claiming they benefit from my writing> There’s a lot of enthusiastic readers> Keep on surfing my blog friend! >
Donations are kindly accepted via PayPal to askmichaelcomo@gmail.com by eft or credit card, thanks heaps, ahead of time for your support >
COMO 2010-2020 http://como-private-building-certifiers.business.site/
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Donations are kindly accepted via PayPal to askmichaelcomo@gmail.com by eft or credit card, thanks heaps, ahead of time for your support > 146,000 plus comments friends > BYE 2020, Stay Safe > There’s a lot of enthusiastic readers> The thing is I’ve actually done the work with my own hands here in AUSTRALIA > There are some 32/ [393] Heritage Style Restoration blog articles to tickle your fancy > There’s a lot people claiming they benefit from my writing> Keep on surfing my blog friend! >> COMO 2010-2021 http://como-private-building-certifiers.business.site/