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The RB Holdings Construction Manager has received the deposit from a client to construct a residential building to the value of $725,000 and has commenced their project, but the client then informs the builder that there will be a delay in the next progress payment, as their finances have not been approved by the bank.
Task 1.4
You are required to analyse the Fair Trading Home building contract for work over $20,000 (find this on the internet) with respect to this scenario and answer the following:
a) Confirm why the Fair Trading contract is appropriate to this project, and
b) Describe the rights and liabilities of both RB Holdings (the builder) and the client with reference to the scenario.
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