1 / 1

5 Must-Know Clauses in Australian Construction Contracts

Avoid costly mistakes! Before signing a construction contract in Australia, make sure you understand these 5 key clauses that impact payments, project changes, delays, and dispute resolution. A well-reviewed contract can save you from legal and financial headaches!<br>

wizard8
Download Presentation

5 Must-Know Clauses in Australian Construction Contracts

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MUST-KNOW CLAUSES IN AUSTRALIAN CONSTRUCTION CONTRACTS SCOPE OF WORK Clearly defines project details, responsibilities, and deliverables to prevent disputes. Ensure everything is outlined, from materials to deadlines. 1 PAYMENT TERMS Specifies the payment schedule, milestones, and late payment penalties. Understanding this prevents cash flow issues and ensures timely payments. 2 VARIATIONS CLAUSE Covers how changes to the project scope will be handled. This protects both parties from unexpected costs and delays. 3 DELAY & LIQUIDATED DAMAGES Outlines penalties for project delays and allowable extensions. Ensures accountability while protecting against unforeseen delays. 4 DISPUTE RESOLUTION Defines the process for resolving conflicts, whether through mediation, arbitration, or litigation. Helps avoid costly legal battles. 5 HTTPS://WWW.GUARDIANPC.COM.AU/WHY-CONSTRUCTION-CONTRACT-REVIEWS-ARE-IMPORTANT/

More Related