What must a builder do to apply for an extension of time

Assignment Help Project Management

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

Reference no: EM132986649

Questions Cloud

Describe the substantive procedures : Describe the substantive procedures you will perform at year end to obtain sufficient audit evidence for each assertion identified in (A)

What amount could she deposit today : If the fund can earn 2.80% compounded semi-annually, what amount could she deposit today to provide the payment

Involve law enforcement : Can you name some situations in which you believe that large organizations have decided not to involve law enforcement?

What are main data preprocessing steps : Why are the original/raw data not readily usable by analytics tasks? What are the main data preprocessing steps?

What must a builder do to apply for an extension of time : What legislation governs building work in Victoria and What must a builder do to apply for an extension of time

What is the expected return on the bond : The bond is risky, and with a 5% probability, the company will default and the bondholders will only recieve $250. What is the expected return on the bond

How long will it take you to save the planned amount : You plan to save money for a down payment of $33,000 to purchase an apartment. How long will it take you to save the planned amount

Discuss why mobile application development : Discuss why mobile application development is considered unique in comparison to website development.

What is the most you can lend to a borrower : You are working for a bank that is issuing 30-year mortgages. What is the most you can lend to a borrower who can only afford to pay $1,800 per month

User Account

All Pages