A building contract must :
- be in writing and legible
- set out all terms
- show the business name of the contractor and licence number and the names and licence numbers of business partners (if applicable)
- be signed by the contractor and owner (or their agents) and
- stipulate a fixed price (can include a “rise and fall clause”), and payment terms.
Form 1 must be attached to the contract. It is also available from Service SA. The contractor must give the building owner a signed copy of the contract and Form 1.
Allowable payments under the contract (example only)
A progress payment (PP) is made when work is completed.
- Maximum deposit: $1,000 for contracts between $12,000 and $20,000 or 5% of the contract price for contracts $20,000 or more, plus costs eg. plans, council approvals, building indemnity insurance, soil, engineer's or surveyor's reports.
- Footings completed (PP 1)
- Framing completed (PP 2)
- Progress payments continue until completion.
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Information on copyright for the Office of Consumer and Business Affairs website is provided on behalf of South Australia Central http://www.sacentral.sa.gov.au/site/page.cfm?u=60
Disclaimer
Information on the disclaimer for the Office of Consumer and Business Affairs website is provided on behalf of South Australia Central http://www.sacentral.sa.gov.au/site/page.cfm?u=61
Privacy
The South Australian Office of Consumer and Business Affairs (OCBA) is committed to protecting your privacy and the confidentiality of your personal information, consistent with the South Australian Government's Information Privacy Principles. If you would like to view the full privacy statement please visit: http://www.ocba.sa.gov.au/privacy.html
Webmaster
If you wish to provide feedback on the Office of Consumer and Business Affairs website please contact the Webmaster via email mailto:webmaster@agd.sa.gov.au
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