Building & Construction is a key industry sector in New Zealand. The sector is divided into two separate and distinct parts: Residential and Commercial
Standard form building contracts are made up of sections comprising General Conditions of Contract (standard clauses), Special Conditions of Contract (tailored provisions) and schedules. They come in a variety of forms. The New Zealand Standard is generally considered the heavyweight in the Building & Construction industry and caters for everything from multi storied commercial complexes to standard residential housing. Consideration needs to be given to such issues as bond requirements, subcontractors, engineers input, indemnities, insurance risk, variations and extras, payments timing, guarantees and warranties and completion requirements.
The Building Amendment Act 2013 introduced consumer rights and remedies in relation to residential building work. The following is required for all residential building contracts over $30,000.00 in value:
The Building Act prescribes warranties to be implied into every residential building contract. They cannot be excluded and include:
At Canterbury Legal several of our team members have expert knowledge of Building & Construction Law, having been involved both in large and small scale residential and commercial developments. We also have extensive experience in operating within the Construction Contracts Act 2002, and assisting our clients to take advantage of the cash flow benefits in operating within that Act.