A bespoke up-to-date strata management agency agreement template and proposal, tailored for your firm!
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A bespoke up-to-date BMC agency agreement template and proposal, tailored for your firm!
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A bespoke contract to enable service charges direct to owners who want that special service that the committee does not wish to pay for.
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A bespoke up-to-date community, precinct and neighbourhood agency agreement template and proposal, tailored for your firm!
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Contract between a strata manager and a developer for pre-registration services.
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A bespoke up-to-date building management agency agreement template and proposal, tailored for your firm.
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A tailored by-law for your renovation works.
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An agreement from the owners corporation to owners or occupants to supply amenities, such as, electric vehicle charging infrastructure, telecommunication services, window cleaning, garbage disposal and recycling services.
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Posted 09 April 2015
Category: Strata, Building Defects, Contracts, Home Owners Warranty, Construction, Public Liability
Construction entails many risks to a builder by virtue of its occupation, control and/or ownership of the site. The risks include personal injury or death to persons and damage or destruction of property (including the contract works itself).
Obtaining insurance is a means by which such risks are transferred to a professional risk bearer (that is, an insurance company). Building contracts contain a standard term requiring the builder to obtain insurance for the contract works, public liability and workers compensation. Subcontracts also normally contain an obligation for insurance to be obtained to indemnify the builder in relation to the work performed by the subcontractor.
Every project is different with varying risks. A prudent builder or developer would firstly identify all likely areas of risk and review its policy to consider the following:
The following are some of the considerations which builders should be mindful of:
The matters identified above are non-exhaustive and depend on the circumstances of each individual project. It is only when an incident or accident occurs that the circumstances surrounding the incident in question is thoroughly investigated by an insurer to see if the policy responds. A policy of insurance, like any contract or agreement, contains negotiable terms and conditions and a well considered/negotiated policy can provide an effective means of risk transfer.
***The information contained in this article is general information only and not legal advice. The currency, accuracy and completeness of this article (and its contents) should be checked by obtaining independent legal advice before you take any action or otherwise rely upon its contents in any way.