For some, using a Registered Builder is the preferred way of doing a things. This can be the case when bank loans come into play – some banks won’t lend for owner-builder projects. Or some people prefer a more hands-off approach – sign the contract, move in, deal directly with the builder for any issues and defects that arise.

We can recommend a builder best suited to your project scope and manage the process from contract negotiation to handover. We also provide advice on the most appropriate building contract for your scenario - fixed price or cost plus.

Fixed Price Contract
Most banks require a Fixed Price Contract when lending money for building works. This contract type locks in one fixed price based on your scope of works, including the builder’s margin and GST.  It’s worth noting though that the fixed price can change during construction due to building variations (yours or due to unforeseen circumstances) and time delays outside the control of the builder. 

Cost Plus
This contract type has an estimated final price based on your scope of works plus a nominated builder’s margin percentage. Throughout the project, the builder discloses the building costs (provide copies of all invoices) and adds the builder’s margin to these costs. This type of building contract is often used if it is too difficult to determine a fixed price at the time of quoting.