Housing contract now free
If you’re a contractor, you must provide a written contract for residential building work costing $30,000 or more, GST inclusive. The good news is MBIE has provided a contract document you can use for free.
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If you’re a contractor, you must provide a written contract for residential building work costing $30,000 or more, GST inclusive. The good news is MBIE has provided a contract document you can use for free.
Too often, business owners do not seek good taxation advice when purchasing land for development projects. The result can be a nasty gst surprise or an unrecoverable loss of profits.
Before a building contract is cancelled in the current situation of locked-down sites and an uncertain future, the wording of the contract should be carefully reviewed.
While a contract should be in place for all work carried out, sometimes this is not the case. Fortunately, under the law, all is not lost.
Contractors should look carefully at the terms of their performance bond following a recent Court of Appeal decision. In particular, when do bonds expire in relation to practical completion and separable portions?
A collaborative approach resulted in the first Pathfinder project being completed on time and under budget.
The government is moving to protect retention funds by requiring the money to be held in trust in a separate bank account.
Inland Revenue (IRD) recently provided some clarity for retention payments on construction projects in a draft Questions we’ve been asked. We review this advice and contractors’ rights when projects go bad.
Adjudicator decisions about construction contract issues will soon be enforceable, and the allowable period to appeal will be shorter.
In the first of a two-part series highlighting common misunderstandings about the responsibilities of an LBP under a labour-only contract, we discuss liability as opposed to accountability and building consents.