8 ways to save time and money in your Building Contract
Every building contract I review is unique. While most are based on standard industry templates, there are always individual elements that make each contract distinct, and often, it’s these specifics that need a close review to avoid costly surprises down the track.
In each contract, I focus on areas like special conditions, included documents, any gaps or missing details, and how the particulars are set up. Here are a few ways I help my clients save time and money in their contracts:
1. Defining Reasons for Variations
Variations during a build can often be a source of budget and timeline blowouts. I help define clear reasons for variations, so you only pay for what’s necessary and avoid those sneaky extra costs.
2. Specifying Grounds for Extensions of Time
A clearly defined extension clause can mean the difference between a smooth build and extended delays. By setting out valid reasons for extensions of time, we make sure you're prepared and protected if your builder needs to adjust the schedule.
3. Explaining Complex Processes
Building contracts can be packed with legal language and complicated steps. I break down these processes to make sure you’re clear on what to expect, helping you follow the contract easily and keep everything moving forward.
4. Checking for Hidden Exclusions
Some items and tasks aren’t automatically included, and that can mean unanticipated costs. I scan your contract for hidden exclusions so that you're aware of every item not covered and can plan for what’s needed.
5. Anticipating Avoidable Variations
I look at the specific details in your plans to anticipate any variations that could be avoided with clearer communication or preparation, helping to save you both time and money.
6. Benchmarking Cost Allowances
Builders often set allowances for fixtures, fittings, or materials, but these amounts don’t always match realistic costs. I benchmark allowances against industry standards, so you know what’s fair and can negotiate accordingly.
7. Checking for Inconsistencies
Small inconsistencies in contract wording can lead to big issues during the build. I go through contracts with a fine-tooth comb to catch any conflicting information that could cause misunderstandings or delays.
8. Defining Roles and Responsibilities
I make sure roles and responsibilities are clearly outlined, so you know who’s accountable for each step of the build, saving you time and frustration.
Predicting Potential Issues, Not Making Changes
In my reviews, I don’t focus on making a lot of changes to the contract. Instead, I help you understand what’s there, predict potential time and cost issues, and explain the protections (or gaps) in your contract. That way, you’re fully prepared and can avoid surprises along the way.
My Building Contract Health Check is all about equipping you with the knowledge and peace of mind to build your dream home with confidence!
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Nail down the details of your building contract.
In just 60 minutes, a 1:1 Building Contract Health Check will provide the clarity you need to simplify your new home build. I dive deep into the details of your building contract and find solutions for issues before they happen.
Whether you need to prevent issues or solve something that’s already happened, I’ll get to the bottom of exactly how to solve it with your building contract.
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Written by Annelyse, Building Contract Enthusiast, Project Manager, and founder of Build Together Project Management.
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