Category Archives: Contract Management

Measuring business and contract performance

It’s an old adage that hold true, “If you can’t measure it, you can’t manage it”. Construction businesses are required to monitor and manage business information on two levels, corporate business information and contract information.  To achieve this we use … Continue reading

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When are you finished? Practical Completion

Many construction contracts, especially bespoke one-off contracts, are not managed by an independent superintendent (architect or engineer) and do not provide for a mutually acceptable definition of “practical” or “substantial” completion.  As a result, many contractors find completion is unreasonably … Continue reading

Posted in Contract Management, NSW (BCISoPA), Queensland (BCIPA), Security of Payment, Victoria (BCISoPA) | Leave a comment

Don’t trust a Trust

Beware trading with trusts. A common vehicle to operate a family business is by way of a discretionary family trust or trading trust.  It is dangerous to trade or contract with a trust unless you know full details of the … Continue reading

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Period Contracts – make sure all your work is covered

Many small builders, subcontractors and maintenance contractors work under period contract arrangements.  Most of these arrangements that we have seen have no, or minimal contract documentation defining how new work and variation work are included in a period contract.   … Continue reading

Posted in Contract Management, Queensland (BCIPA), Security of Payment | Leave a comment

A Fair Contracts Act For The Building Industry

By Professor Kim Lovegrove FAIB Construction insolvency and building project stress is often causes by 3 factors, work drying up, tight margins and contrac- tors entering into oppressive contracts. When there is a con- struction industry downturn developers often become … Continue reading

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Construction Payment is a specialised knowledge area

Construction payment and cash flow is a critically important aspect of your business, yet the management of payment processes and collection is often relegated to the office junior or the accounts department, often the least equipped to deal with payment. … Continue reading

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Email – is it good for business?

Up to 1990 it was common for a small business owner or department manager to receive, read and distribute incoming mail and to sign outgoing mail.  It was an accepted protocol that allowed the boss or manager to maintain reasonable … Continue reading

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