Cost Plus Building Contract Template – Australia

Disclaimer

The information provided is intended solely as a general example related to construction agreements involving cost-based pricing models in Australia. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in construction or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample Cost Plus Building Contract template for Australia, provided for general illustrative purposes only. Actual contract terms should be reviewed and tailored by legal professionals according to specific project requirements and applicable laws.

Cost Plus Building Contract Sample (Australia)

Parties Involved:

Builder: XYZ Constructions Pty Ltd
Address: 123 Builder Road, Sydney NSW 2000

Client: John and Jane Doe
Address: 456 Residential Street, Sydney NSW 2001

Scope of Work:

The builder agrees to construct a residential dwelling on the property located at 789 Development Lane, Sydney NSW 2002, including all specified specifications and plans provided by the client.

Pricing and Payment Terms:

The contract is based on a cost-plus basis, with the builder’s percentage fee of 15% of the total construction costs. Payments shall be made periodically upon receipt of progress invoices, with detailed cost breakdowns provided.

Builder Responsibilities:

The builder will supply all labour, materials, and services necessary to complete the project in accordance with approved plans, complying with relevant Australian building codes and standards.

Governing Law:

This agreement shall be governed by the laws of the State of New South Wales. Disputes shall be resolved through the courts of Sydney, NSW.

Additional Provisions:

• The client shall provide timely access to the site for construction activities.
• Variations to the scope or costs must be agreed upon in writing by both parties.
• The builder shall maintain appropriate insurance coverage for the duration of the project.

Sydney, ______________________