What is a GC21 contract?
What is a GC21 contract?
GC21 Edition 2 standard form The GC21 standard form is recommended to be used for construction contracts valued at more than $2 million. However, agencies should use it for complex and high-risk contracts valued over $1 million, where appropriate to meet special circumstances or requirements.
What does GC21 stand for?
GC21 (Edition 2) General Conditions of Contract NSW Government 2012.
What is AS4000 contract?
AS 4000 is a type of construction contract used for construction projects in Australia. As it is considered to only be the general conditions of the contract, AS 4000 is intended to be used ancillary to a formal instrument of agreement or certain documentation.
What is the difference between AS2124 and AS4000?
In an AS4000, a superintendent is required to authorise any liquidated damages by the principal. In contrast, an AS2124 contract makes the contractor automatically liable for liquidated damages if there is a failure to reach practical completion by the date for completion.
What is as2124 used for?
AS 2124, also known as the Australian Standard AS 2124-1992 General Conditions of Contract, is a commonly used contract in the construction industry. To use this contract, you will incur a licence fee.
Is as4000 a lump sum?
Some of the basic features of AS 4000 are as follows: Lump sum price. The contractor is required to execute the works for a fixed price and within a fixed timeframe.
What type of contract is as2124?
AS 2124, also known as the Australian Standard AS 2124-1992 General Conditions of Contract, is a commonly used contract in the construction industry. To use this contract, you will incur a licence fee. These fees vary according to the type of license you choose, which depends on your circumstances.
What are the two main categories of regulated building contracts in Victoria?
However, there are two main types of contracts – “Fixed Price” and Cost Plus” and the main features and benefits are as follows:
- A. Fixed Price Building Contract.
- B. Cost Plus Building Contract.
- ABIC – AUSTRALIAN BUILDING INDUSTRY CONTRACTS.
- MBAV – MASTER BUILDERS ASSOCIATION OF VICTORIA.
- HIA – HOUSING INDUSTRY ASSOCIATION.
What are the types of contracts in construction?
Types
- Commercial contract.
- Domestic building contract.
- Percentage rate contract.
- Item rate contract or Unit price contract.
- Lump sum and scheduled contract.
- Cost plus fixed fee contract.
- Cost plus percentage of cost contract.
- Subcontract agreement.
What is the GC21 project management programme?
This includes the facilitation of Cooperative contracting based GC21 project start up workshops, conducting GC21 project evaluation and monitoring meetings, facilitating value management studies and risk management workshops for school, hospital, community centre, civil works and dam safety upgrade projects.
What is clause 31A of the National Construction Code?
Clause 31A New clause requiring Contractor to keep the Principal informed of all Subcontractors Clause 33 & 15.8 Revised to allow for Parent Company Guarantee Clause 39.9 & 43 Building Code of Australiareplaced with National Construction Code Clause 41 Revised to require parties to agree on Innovationproposal before it can be accepted
What is subcontractors and suppliers proof of payment procedure 31A?
Subcontractors and Suppliers Proof of Payment Procedure Clause 31A Introduction of Subcontractors, Suppliers and Consultants Register Clause 79 Amended definition for Subcontractors and Suppliers Proof of Payment Procedure to provide for where a Contractor is required to instruct a Subcontractor to implement a
