Reference no: EM132986649
Assessment Task: Building Contracts
Select and prepare a construction contract
Performance Objective
Students must demonstrate the skills and knowledge required to identify various types of building and construction contracts and analyse the appropriate application of each type and apply legislative requirements and rights and liabilities of parties under a contract.
Assessment Description
You are required to:
- complete short answer style questions on the Domestic Building Contracts Act 1995
- research types of building contracts
- complete short answer style questions on types of building contracts
Your completed work should be presented in a Microsoft Word document. Please ensure that your full name, student number and unit code (CPCCBC4003A) is included on every page of your submission.
Question 1
Questions
1. What legislation governs building work in Victoria?
2. In relation to the DBCA, outline the following:
a. Building work not covered.
b. Building work covered and if it requires a building contract.
c. The three documents that make up a building contract.
d. The six warranties implied in all contracts.
3. When should a major domestic building contract be used? Briefly outline what a major domestic building contract must include and exclude.
4. According to the DBCA how much can you receive for a deposit for a project?
5. What must a builder do to apply for an extension of time?
6. Under what circumstances can a builder enter into a:
a. Cost plus contract?
b. Domestic building contract that includes a cost escalation clause?
7. Write a couple of paragraphs explaining:
a. What home warranty insurance is?
b. When it is required?
c. What the policy covers?
Question 2
Task 1
You are required to research the following types of building contracts:
• Lump Sum/ Fixed Price Domestic Contracts
• Architect Administered Contracts
• Cost Plus Contracts
• Commercial Building Contracts
Task 2
For each of the contracts listed above you are required to:
a. provide a brief description of the contract
b. identify under what circumstances this contract would be selected and provide an example
c. outline the advantages and disadvantages of that contract.
Attachment:- Building Contracts.rar