GG Developments

*Building Contract Tips and Tricks* - Builder's Contract Works Insurance - Are they covered enough?

In this series of posts, we will share the common oversights of Domestic Building Contracts and how to mitigate them.

Builder's Contract Works Insurance, It's a requirement for a Building Permit and one of the conditions of the Contract. So if a Builder has $1m cover for a $1m Contract that's all good right?

Clause 6.2 of the Master Builders Contract States the following:
"Unless otherwise agreed in writing, the Builder will provide and maintain a current Contract Works
Policy. The insured sum shall be no less than the Contract Price plus 15%."

Therefore a $1m contract requires $1.15m worth of cover.

Prior to signing it is always good to check for this or to seek assistance from a competent professional.

Disclaimer: Guidance only, not a substitute for legal advice.

Current Affairs - Global Timber Shortage

The world news has widely reported with the recent global housing boom and the recent fire disasters around the world, this has lead to a shortage in timber which has made supply scarce and prices to dramatically increase. This has mainly effected engineered timber.

This has lead to people coming up with creative ways to mitigate this. One of which is furniture.

Furniture can be used to divide spaces.

A well placed free-standing wardrobe could create that walk in wardrobe you always wanted.

A bookcase can provide the separation of a dining and living space as well giving you a place to store and display your favourite reads.

This could also be a way to implement second hand furniture.

These are just some of the ways GG Developments can help come up with creative solutions for your projects!

FAQ: Trees

Trees are obviously essential for the environment but can be problematic when developing a Site.

Not all trees can be removed. This is mainly due to species, size, planning overlays, listed trees and Council Local Laws.

These can significantly effect your development. Are Trees effecting your development? This is where GG Developments can assist with our Development Services.

Our Step-by-Step Process.

Step 1: The Desktop Review.

So you have kindly enquired about selling your backyard or house to us. What happens next?

We carry out a 'Desktop Review'. We review the all the constraints and opportunities your property could provide using specialist software as well as research the councils local laws.

At this stage we generate an idea of what works are required as well as an initial proposal for the Development.

This all forms part of the FREE appraisal

After this we move onto Step 2: The Initial Offer.......