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How to Choose the Right Con­struc­tion Con­tract: AS4122 Con­di­tions vs Com­mer­cial Terms of Business

Select­ing the right con­tract is crit­i­cal for con­sul­tants and con­trac­tors in the con­struc­tion indus­try. The choice between AS4122 Gen­er­al Con­di­tions of Con­tract for Con­sul­tants and Com­mer­cial Terms of Busi­ness can sig­nif­i­cant­ly impact project risk, time­lines, and out­comes. In this arti­cle, we break down the key dif­fer­ences, explain when each option…

Unfair con­tract terms in out­dat­ed stan­dard form con­tracts could cost you a fine of $50 mil­lion (Com­pa­nies) or $2.5 mil­lion (Indi­vid­u­als)

If you have not reviewed your stan­dard form con­struc­tion con­tracts since 9 Novem­ber 2023 (when the amend­ed Com­pe­ti­tion and Con­sumer Act 2010 (Cth) – Sched­ule 2 (ACL) became effec­tive), you could be at risk of any/​all unfair con­tract terms being declared void and hav­ing to pay a penalty. This means that:Any stan­dard form con­tract…

Con­struc­tion con­tracts are more than just a doc­u­ment — remove con­trac­tu­al claus­es at your peril

Your con­struc­tion con­tract will map out the path­way to your build­ing project com­plet­ing on time and with­in bud­get and detail­ing how any loss­es and risks are handled. It is an essen­tial tool in man­ag­ing and shift­ing risk dur­ing the con­struc­tion phase and impor­tant­ly, lays out the rules if a dis­pute aris­es. The chances…

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