Members News

NZCB Online Training July 2020 – by Jason McClintock

Monthly education prepared by Building Trade Professionals Building Trade Professionals is NZCB’s education and training programme. Designed so you can source information online when it suits

July 8, 2020

New In-House Halo Guarantee Scheme

Dear Member, At the Annual General Meeting of NZCB held earlier this week I provided an update of our progress in securing a replacement underwriter

June 24, 2020

11 benefits of doing an ITAB Carpentry Apprenticeship through Wintec

ITAB Training Managers at Wintec are qualified builders and members of NZCB ITAB Apprentices can expect 9 site visits per year from your ITAB Training

June 23, 2020

The latest Issues of REVERE and InHouse magazines are OUT NOW!

Keep an eye on your letterbox for the latest issues of REVERE Volume Three and InHouse June/July. NOTE: These will be together in one package

June 22, 2020

InTouch eNewsletter June/July 2020

NZCB Update Website Security Due to the increase in SPAM worldwide during COVID-19, NZCB has now removed all Business Member email addresses from your listings

June 18, 2020

Government Wage Subsidy Extension

The Government Wage Subsidy Extension scheme has now been developed and applications for the extension opened on Wednesday 10 June 2020. Based on information on

June 17, 2020

Ways Inland Revenue can help your business at this time

If your business is struggling to meet its tax payments at this time, there’s plenty of ways Inland Revenue can help. If you’re having difficulty

June 17, 2020

Men’s Health Week

15th – 21st June 2020 This is a great time for New Zealand men to have a think about their health and consider how important

June 17, 2020

Older Posts...

Ways Inland Revenue can help your business at this time

June 17, 2020

If your business is struggling to meet its tax payments at this time, there’s plenty of ways Inland Revenue can help. If you’re having difficulty

Men’s Health Week

June 17, 2020

15th – 21st June 2020 This is a great time for New Zealand men to have a think about their health and consider how important

NZCB Online Training June 2020 – by Jason McClintock

June 11, 2020

Monthly education prepared by Building Trade Professionals Building Trade Professionals is NZCB’s education and training programme. Designed so you can source information online when it suits

Our NZCB Builders discuss the best place to start a renovation

June 1, 2020

With all our time spent inside over the past couple of months, and businesses now opening up again, no doubt you have a few renovation

NZCB InTouch May 2020

May 27, 2020

Members Survey | NZCB Post COVID-19 Survey We’re keen to find out how your business is going post the COVID-19 lockdown. We would really appreciate

NZCB Online Training May 2020 – by Jason McClintock

May 21, 2020

Monthly education prepared by Building Trade Professionals Building Trade Professionals is NZCB’s education and training programme. Designed so you can source information online when it suits

Can you pass on the additional costs that Covid-19 has caused you?

May 20, 2020

by Geoff Hardy, Martelli McKegg There’s no question that project costs will increase as a result of having to adopt the new social distancing/hygiene/contact tracing

Why can’t I sleep? Body chemicals made simple

May 19, 2020

Let’s face it, lack of sleep has become more common during the Covid-19 lockdown. Understanding your body chemicals and the reasons why you might not

Kāinga Ora (old Housing NZ) Tender Opportunity for NZCB Members

May 15, 2020

Residential Property Retrofit Building Contractor opportunity for Retrofit Works for Kāinga Ora – Homes and Communities residential properties. The Retrofit Programme involves contracts for the

Covid-19 Update – 12th May Alert Level 2 – Health & Safety Protocol Update

May 12, 2020

Dear Member After the 4pm announcement yesterday the NZCB National Support Office team are excited to announce that after having a skeleton staff in the

Covid-19 Update – 7th May – Government assistance programmes

May 7, 2020

Covid-19 Business Support Did you know you can apply for a $5000 grant to get professional help with your business? Growth Partners have set up

NZCB Covid-19 Update – 5th May – Final Webinar with Tony Alexander, Members Next Zoom, Survey

May 5, 2020

Dear Member, Here is hoping this is our final full week at Alert Level 3. But I guess we will know more on Monday. I’m

Five ways to renovate for more room

April 30, 2020

Wow, what a weird month it has been. With us all spending a lot more time at home, you’ve probably looked around and considered a

NZCB Covid-19 Update – 30th April – How banks will be lending in the future – Tony Alexander Interview

April 30, 2020

Dear Member I trust that if you have decided to get back to work, you are finding working in a slightly different world, different but

Board Elections: Call For Nominations 2020

April 29, 2020

Dear Member, A gentle reminder that nominations close on Monday 5th May. In terms of the NZCB Constitution, the election process for two Member Director

COVID-19 Update 24th April – Zoom Meeting Recap, Economist commentary Tony Alexander

April 24, 2020

Dear Member, By now you will be well underway organising all your Health & Safety Control Plans based on all the information we’ve pooled together

Covid-19 Update – 22nd April – Residential Protocols Updated, Employment Matters

April 22, 2020

Dear Member Thank you for all your kind messages of encouragement this week. The NZCB Team are working hard to keep you informed and get you

NZCB Covid-19 Update – 20th April 2020 – Alert Level 3 and what this means for you

April 20, 2020

CLICK TO VIEW NZCB Chief Executive Covid-19 Level 3 Announcement Dear Member I do hope you and your families are all well in these difficult

NZCB Covid-19 update – 16th April – Government Assistance for Business, Restructure Process, Geoff Hardy Webinar

April 16, 2020

Dear Member Today the Government announced new guidelines as to who may be returning to work at Alert Level 3, when the current Alert Level

Restructure process – Covid-19

April 13, 2020

What do I do First Always check your employment agreement to ensure that you follow all steps required as outlined in the agreement. Is there

NZCB Covid-19 update – 8th April – Update your business listing, Reminder how to get LBP Points

April 8, 2020

Dear Members It’s great to hear this morning that New Zealand is heading in the right direction with the number of cases of Covid-19 being

NZCB Covid-19 update – 6th April – Government guarantee backed bank loan scheme

April 6, 2020

Dear Member, Government continue to announce a number of initiatives to help companies and sole traders get through this current situation. I’ve outlined some of

NZCB Covid-19 update 1st April – Business Help, Wage Subsidy for Company Directors, NZCB 22nd AGM & Conference update

April 1, 2020

Dear Members, Hello and welcome as we are moving into the first complete week of the Covid-19 Level 4 lockdown. Some further information on a

Is community living the next big thing?

April 1, 2020

Over summer a team of NZCB members’ travelled to United States to attend the NAHB International Builders’ Show (IBS) held at the Las Vegas Convention

NZCB Covid-19 update 30th March – Latest wage subsidy update, Contracts Works Insurance, Essential Services Work Templates

March 30, 2020

CLICK TO WATCH LATEST VIDEO ON WAGE SUBSIDES by Grant Robinson, Finance Minister Which subsidy do I apply for? The NZ government have now rolled

Regional Council Covid-19 – Building Consent Updates

March 29, 2020

Building Inspections Tauranga Building Inspections Given the current Covid19 situation all Building Inspections will cease from Monday, 23rd March 2020 at 5pm until further notice.

Covid-19 Wage Subsidy vs Leave Subsidy

March 27, 2020

Dear Members, there have been lots of questions around the subsidy. We are still investigating compensation for your overheads. The NZ Government has not offered

NZCB Covid-19 update 26th March – Building Controls Update, Scams to watch, IRD update

March 26, 2020

Dear Member, We will be providing updates to all members every 2 days over the term of the Level 4 alert status or more regular

NZCB Covid-19 update – temporary National Support Office closure

March 24, 2020

IMPORTANT NOTICE – WATCH VIDEO Due to the Governments announcement yesterday we have had to close the NZCB National Support Office. At 11.59pm tomorrow (Wednesday 25th

Coping with stress – Covid-19

March 20, 2020

DOWNLOAD Mates In Construction Poster DOWNLOAD Covid-19 Staff Plan Template Dear NZCB Members, We wanted to pass along our thoughts and advice during these trying

COVID-19 (Coronavirus)

March 18, 2020

Help stop the spread of COVID-19 COVID-19 (Coronavirus) is a virus that has similar symptoms to the flu and can affect your lungs and airways. It’s

NZCB 22nd AGM, Conference & Expo – ON HOLD

March 17, 2020

On 16 March 2020, the Government advised public events or mass gatherings where 500 or more people are together in one place, at one time

Halo Q&A in response to declined applications

March 6, 2020

Click here to download – Letter to your client about the Halo application not being accepted Click here to download – Letter to your client

Qualifications your builder should definitely have before you hire them

March 1, 2020

Hiring a builder can be a nerve-racking experience – how do you know if they’re any good? Do they need a qualification? Do memberships and

Halo Update 28th February 2020

February 28, 2020

Dear NZCB Members’ As we have previously advised, we continue to work hard on a range of options on finding a replacement underwriter for our

Halo guarantee update – 14th Feb 2020

February 14, 2020

Click to watch video We wanted to give you an update on the process of securing a potential replacement underwriter for Halo, which will enable

Building off a plan? Don’t start until you’ve read our NZCB Builder tips

February 1, 2020

Building a home can be a daunting proposition – from consents to building codes, geotech reports and elevations – it’s a lot to get your

Halo Application Update

January 24, 2020

Frequently Asked Questions from BrokerWeb Risk Services. We are still working hard to source a replacement underwriter and we will endeavour to update you as

Halo Guarantee Suspension Video

January 16, 2020

CLICK HERE TO WATCH THE ANNOUNCEMENT Late last year we let you know that there would be some changes coming to Halo. Unfortunately, those changes

Halo Guarantee Suspension FAQs

January 15, 2020

How come this has happened? As set out in the email newsletter and video we sent, it is in reality, out of our hands with

Top tips to make your home more sustainable

January 1, 2020

Building sustainably isn’t just a trend for hippies and tree-huggers, anymore. It’s commonplace to consider minimising your impact on the environment when building or renovating.

Halo Important Update

December 20, 2019

Just a heads-up that there are some changes coming to Halo, driven by changes in the global insurance market that are affecting many insurance products

Latest QV Costbuilder update released

December 19, 2019

Latest update makes 37,000 data changes across six regions. Monday 16 December 2019 In the Quarter Four, 2019 update approximately 14,500 current material and labour

NZCB Holiday Closure

December 2, 2019

Down the tools team … its’ time for a break! The New Zealand Certified Builders National Support Office will be closed from midday on Friday

How to choose the right builder

November 29, 2019

Choosing the right builder is a bit like choosing a hairdresser or a doctor – there are both hard and soft skills needed. Here we

Changes to the Disputes Tribunal – threshold increased to $30,000

November 6, 2019

The Disputes Tribunal has just increased the financial threshold for submitting a claim to $30,000. Until 29 October 2019, a party could only file a

5 tips to get the best from your builder

November 4, 2019

Starting a building or renovation process can be daunting. We’re here to help ensure that process goes smoothly for you, which is why we’ve asked

NZCB Future Leaders Programme

October 30, 2019

The Future Leaders initiative started as a discussion between NZCB staff, members and apprentices who took part in our annual Apprentice Challenge competition. The concept

NZCB Future Leaders

October 30, 2019

The Future Leaders initiative started as a discussion between NZCB staff, members and apprentices who took part in our annual Apprentice Challenge competition. The concept

Update to the Halo comparison chart

October 23, 2019

How does Halo compare to other residential guarantees in New Zealand? Check out the latest Guarantee Comparison chart updated by BrokerWeb on the Toolshed. You

12.1	Part G of the Schedule contemplates that the Parties will elect who is responsible for arranging the contract works insurance. If the Parties have not made that election or if their intention is unclear, then the Owner must arrange contract works insurance if the Building Work involves changes, alterations, renovations, restoration, repairs or maintenance to existing structures, and the Builder is responsible for arranging contract works insurance if the Building Work involves constructing an entirely new stand-alone structure. Irrespective of who arranges the contract works insurance, the excess on a contract works claim is payable by the Owner. Given that such insurance typically expires on Practical Completion, the Owner must ensure that the Building is insured from that point onwards.
12.2	The amount insured must be at least as much as the Original Contract Price, plus an allowance for Owner-supplied materials, expediting expenses, removal of debris, professional fees, increased costs during construction, increased costs during reconstruction, and materials in storage (off the Project site). Unless otherwise agreed, the allowances for these items shall be those shown in Part G of the Schedule, and if no allowance is made in that Part for any item then the allowance must be reasonable in the circumstances.
12.3	The Owner must arrange contract works insurance against loss or damage to the Owner’s existing structures made available by the Owner to enable the performance of the Building Work, or existing structures adjacent to the Building, and to the Owner’s contents. This insurance must be for the full replacement value, and for consequential loss arising from loss or damage to those structures and contents.
12.4	The Builder must arrange public liability insurance for loss or damage to any property, or illness, injury or death to any person, that arises from the performance of the Building Work.
12.5*	In the event of loss or damage to any part of the Building which is not caused by the Builder or any party for whom the Builder is responsible:
	a.	The Builder is not required to carry out any restoration work at the Builder’s own expense.
	b.	The Builder will restore all loss or damage to the Building and the restoration work will be treated as a Variation.
	c.	The restoration work will be paid for from the proceeds of the contract works insurance.
	d.	If the delay in confirming insurance cover after loss or damage to the Building has occurred is such that the Builder can no longer reasonably afford to maintain spare capacity to perform the Building Work when required, the Builder may suspend the Building Work as if clause 20.2 applied, and if the Builder has not cancelled the contract in the meantime, the Builder shall not be obliged to resume the Building Work until the Builder’s commitments reasonably allow for a resumption.
12.6	If this Contract is completed on-line, and either Party has selected the option to apply for a contract works policy marketed under the “REDi” brand, then an application for such a policy will be automatically generated from the information entered into the Schedule of this Contract.
12.7	The insurance broker responsible for arranging the REDi contract works policy and the underwriter(s) to whom the application is submitted together with their respective representatives or agents are authorised to obtain from, and disclose to, any other party any information they consider relevant to the assessment of the application for the policy.
12.8	For the purpose of section 12 of the Contract and Commercial Law Act 2017, the provisions in this Part 12 are intended to create obligations enforceable by the insurance broker and the underwriter(s) referred to in clause 12.7 and their respective representatives or agents, whether or not they are parties to this Building Contract.

4.1	This is a building contract in which the total price payable for the Building Work is not fixed, specified, or known at the time of entering into the Contract. Instead, the progress payments and the Final Contract Price are to be calculated by reference to the actual costs incurred by the Builder in carrying out the Building Work, plus a Margin for the Builder’s Off-site Overheads and profit. The Parties may have chosen to enter into this form of building contract for any number of reasons, including that it is too difficult for the Builder and/or the Owner to accurately predict the precise scope of the Building Work at the outset, or the Building Work involves innovative systems or materials the cost of which is largely unknown, or to avoid the administrative burden of having to recalculate a fixed contract price each time a component of the work changes, or simply because it is their preference to do so. While this inevitably involves some uncertainty as to what the Final Contract Price will eventually amount to, it has the advantage that at the conclusion of the Building Work the Owner will have become liable to pay no more and no less than the value of the Building Work and materials the Owner has actually received.
4.2	The progress payments and the Final Contract Price payable to the Builder shall therefore be calculated by reference to the hours of work expended by the Builder and the Builder’s employees and contractors in carrying out the Building Work, plus the materials and other direct costs incurred by the Builder in carrying out the Building Work, using the rates set out in Part F of the Schedule. Onto those amounts shall then be added the Margins for the Builder’s Off-site Overheads and profit, calculated by reference to the percentages shown in Part F of the Schedule.
4.3	The Builder shall be entitled to charge for and recover all costs that the Builder would not have incurred but for the Building Work, and that are reasonably necessary to carry out the Building Work to the standard required by this Contract, plus the relevant Builder’s Margins. Those costs include (without limitation):
	a.	The Builder’s own labour and labour performed by the Builder’s employees and contractors.
	b.	Products or services from subcontractors or specialist trades.
	c.	Professional advice such as architecture and engineering.
	d.	Building materials and consumables.
	e.	Hireage of tools, plant, equipment, appliances or vehicles.
4.4	The cost of labour shall be calculated using the labour rates set out in Part F of the Schedule, or where no rates have been specified in any particular case, at the prevailing market rates for the personnel in question. The labour rates set out in Part F of the Schedule apply to normal working hours and days, and in calculating working hours no deduction shall be made for work breaks that are reasonably necessary for the consumption of food or beverages or to ensure the continued health, safety, productivity and efficiency of the relevant personnel. Where in order to comply with the Builder’s obligations under this Contract it is reasonably necessary for the Builder and/or the Builder’s employees and subcontractors to carry out Building Work outside of normal working hours or on weekends or public holidays, and the Builder is required to pay penal or overtime rates as a result, those penal or overtime rates shall be included in the calculation of the cost of the Building Work.
4.5	All the costs of the Building Work apart from labour shall be calculated by reference to the invoice issued to the Builder for the relevant item, or if no invoice was issued, by reference to what the Builder actually paid. Where such costs cannot be separately identified or accurately ascertained through timesheets, invoices or otherwise, the cost of those items shall be calculated having regard to the prevailing market price for the relevant items.
4.6	The rates set out in Part F of the Schedule shall be adjusted for any increase in the rates charged by subcontractors that could not reasonably have been foreseen by the Builder at the time this Contract is signed by the Builder, and which would otherwise have the effect of eroding the Builder’s profit margin. The Builder must be able to substantiate the increase by reference to written evidence such as quotations, communications or invoices from the relevant subcontractor, clearly demonstrating the rates that were first advised to the Builder when Part F of the Schedule was completed, and the rates subsequently charged. The Builder shall whenever reasonably practicable, resist any rate increases and procure subcontracts on the basis of fixed rates that cannot be increased during the course of the Building Work.
4.7	If any of the subcontractor rates set out in Part F of the Schedule decrease for any reason (other than rebates or discounts provided to the Builder as a result of such factors as loyalty, volume of business, enticement to form a new or long term trading relationship, or membership of a trade association or cooperative company), the decreased rate(s) shall be used in the calculation of all progress payments and the Final Contract Price from the time that the decrease takes effect.
4.8	Either prior or subsequent to the Parties entering into this Contract, the Builder may have given or may give to the Owner or the Owner’s representative(s) an estimate, indication, projection, guess, intimation, prediction or similar communication (together referred to as an “estimate”) as to what the Final Contract Price or any component of it is likely to turn out to be. It is common for building owners to request an estimate and it is common for builders, in good faith and out of a desire to be helpful, to comply with that request, or indeed to offer an estimate unsolicited. The Parties acknowledge that even the most carefully calculated estimate can in hindsight prove to be grossly pessimistic or optimistic, and it is impossible for the Builder to accurately predict what the final outcome of the Project will be, given that so many factors are outside the Builder’s control.
4.9	The Parties have chosen this form of contract rather than a fixed price contract because they have agreed that the Final Contract Price will be determined by the hours of work and the materials and other direct costs that are ultimately involved, and the margin applied to those items. By definition, those hours and those costs cannot be known in advance. The Parties therefore expressly record that any such estimate that may have been or may be provided by the Builder – assuming the Builder used the term “estimate” or some reasonably equivalent expression – shall only represent the Builder’s best guess, based on the Builder’s experience and what the Builder knows about the Project itself to date. The Builder agrees to take reasonable care in calculating any estimate that may be given, and to keep the Owner regularly informed, by the provision of periodic invoices or otherwise, of the amount paid and payable to the Builder in respect of the Building Work at any given time.
4.10	A price estimate is fundamentally different from an undertaking, promise, commitment, statement, assurance, warranty or representation (together referred to as a “representation”) that the total contract price will amount to, or will not exceed, a stated or fixed sum. If the Builder has given such a representation, then that will bind the Builder in accordance with its terms. However the representation must be reasonably inferred from the wording used. For example if either of the Parties has, without full knowledge of the legal significance, mistakenly described an estimate as a “quote” or used some other wording that might suggest a representation that would be enforceable in law, then that will not constitute a representation if the Parties did not intend it to have that effect.

13.1	Part H of the Schedule contemplates that the Parties will elect who is responsible for arranging the contract works insurance. If the Parties have not made that election or if their intention is unclear, then the Owner must arrange contract works insurance if the Building Work involves changes, alterations, renovations, restoration, repairs or maintenance to existing structures, and the Builder is responsible for arranging contract works insurance if the Building Work involves constructing an entirely new stand-alone structure. Irrespective of who arranges the contract works insurance, the excess on a contract works claim is payable by the Owner. Given that such insurance typically expires on Practical Completion, the Owner must ensure that the Building is insured from that point onwards.
13.2	The amount insured must be at least as much as the Original Contract Price, plus an allowance for Owner-supplied materials, expediting expenses, removal of debris, professional fees, increased costs during construction, increased costs during reconstruction, and materials in storage (off the Project site). Unless otherwise agreed, the allowances for these items shall be those shown in Part H of the Schedule, and if no allowance is made in that Part for any item then the allowance must be reasonable in the circumstances.
13.3	The Owner must arrange contract works insurance against loss or damage to the Owner’s existing structures made available by the Owner to enable the performance of the Building Work, or existing structures adjacent to the Building, and to the Owner’s contents. This insurance must be for the full replacement value, and for consequential loss arising from loss or damage to those structures and contents.
13.4	The Builder must arrange public liability insurance for loss or damage to any property, or illness, injury or death to any person, that arises from the performance of the Building Work.
13.5	In the event of loss or damage to any part of the Building which is not caused by the Builder or any party for whom the Builder is responsible:
		a.	The Builder is not required to carry out any restoration work at the Builder’s own expense.
		b.	The Builder will restore all loss or damage to the Building and the restoration work will be treated as a Variation.
		c.	The restoration work will be paid for from the proceeds of the contract works insurance.
		d.	If the delay in confirming insurance cover after loss or damage to the Building has occurred is such that the Builder can no longer reasonably afford to maintain spare capacity to perform the Building Work when required, the Builder may suspend the Building Work as if clause 20.2 applied, and if the Builder has not cancelled the contract in the meantime, the Builder shall not be obliged to resume the Building Work until the Builder’s commitments reasonably allow for a resumption.
13.6	If this Contract is completed on-line, and either Party has selected the option to apply for a contract works policy marketed under the “REDi” brand, then an application for such a policy will be automatically generated from the information entered into the Schedule of this Contract.
13.7	The insurance broker responsible for arranging the REDi contract works policy and the underwriter(s) to whom the application is submitted together with their respective representatives or agents are authorised to obtain from, and disclose to, any other party any information they consider relevant to the assessment of the application for the policy.
13.8	For the purpose of section 12 of the Contract and Commercial Law Act 2017, the provisions in this Part 13 are intended to create obligations enforceable by the insurance broker and the underwriter(s) referred to in clause 13.7 and their respective representatives or agents, whether or not they are parties to this Building Contract.

9.1	The Builder shall commence the Building Work within a reasonable time after:
	a.	the Contract has been signed by both parties; and
	b.	any deposit payable in accordance with clause 7.2 has been paid; and
	c.	any necessary Building Consent or resource consent or other requisite consents or licences or consent amendments have been issued.
9.2	Unless otherwise agreed in writing between the Parties, the Owner shall obtain all project information memoranda, Building Consents, resource or other consents or licences, and consent amendments required for the Building Work.
9.3	The Owner shall promptly provide all information reasonably required by the Builder to enable the Builder to comply with the Builder’s obligations under this Contract, whether prior to the commencement of, during the performance of, or after the completion of the Building Work.
9.4	The expected completion date stated in Part B of the Schedule shall be automatically extended by a reasonable time where delays arise due to:
	a.	Variations;
	b.	Any strike, lockout, or other industrial action;
	c.	Loss or damage to the Building Work other than loss or damage caused by the Builder’s breach of its obligations under this Contract;
	d.	Flood, volcanic, or seismic events;
	e.	Inclement weather;
	f.	Failure to obtain consent or approval through no fault of the Builder;
	g.	Failure by the Owner to give timely directions;
	h.	Unforeseen physical conditions;
	i.	The Builder exercising its right to suspend the Building Work under this Contract;
	j.	Act, omission or default by the Owner or any person for whose acts or omissions the Owner is responsible;
	k.	A separate contractor’s act or omission;
	l.	Unavailability or shortage of materials;
	m.	Any other event which is beyond the reasonable control of the Builder and for which the Builder is not responsible.

7.1	The Builder is not obliged to commence the Building Work until any deposit payable in accordance with clause 7.2 has been paid.
7.2	The Deposit shall be paid by the Owner upon signing the Contract. The Deposit shall be held by the Builder and applied towards payment of the final invoice, or as provided by clause 20.9 or clause 21.4. The Deposit is therefore not to be treated as a progress payment. If the final invoice is less than the Deposit then the Builder shall pay the Owner the balance of the Deposit upon issuing the final invoice.
7.3	The Owner shall make progress payments to the Builder for Building Work completed and materials supplied, including any adjustments for Provisional Sums, cost fluctuations or Variations, up to the end of the applicable period or stage of work. The payments shall be made into a bank account provided by the Builder via internet banking or direct deposit, unless the parties agree on a different payment method.
7.4	Where the parties have agreed to progress payments at completion stages (Option A in Part E of the Schedule) the Builder may issue an invoice at any time after a relevant stage of completion is reached. If a completion stage cannot be reached due to matters beyond the Builder’s reasonable control, and one month has elapsed since the previous invoice, the Builder may invoice for the proportion of that completion stage that has been reached.
7.5	Where the parties have agreed to progress payments at the end of defined periods of time (Option B in Part E of the Schedule) the Builder may issue an invoice for the Building Work completed up to the end of each such period. Any invoice issued in advance of the end of the relevant period (other than a final invoice) shall be deemed to have been issued on the last working day of that period.
7.6	The Owner must pay the invoiced amount in full within 5 Working Days of the invoice being delivered or sent to the Owner or such other time as is stated in Part F of the Schedule. If the Owner does not consider that all or any part of the invoiced amount is payable, the Owner must, within 5 Working Days after the invoice was delivered or sent to the Owner:
	a.	reply in writing to the Builder stating the amount that the Owner considers payable (the undisputed amount), and
	b.	specifying the reasons why any part of the invoiced amount is disputed, and the method in which the disputed amount has been calculated; and
	c.	pay the undisputed amount.
7.7	If the Builder’s invoice is or is accompanied by a payment claim made under the CCA, then any payment schedule as defined in section 5 of that Act must be provided to the Builder within 5 Working Days of the payment claim being served on the Owner.
7.8	The Owner shall pay progress payments on the due dates, irrespective of when the Owner’s bank or financier is prepared to advance any monies required by the Owner in order to meet the Owner’s payment obligations under this Contract. It is the Owner’s responsibility to ensure that sufficient funds are available to comply with the Owner’s payment obligations under this Contract. The issue of a Code Compliance Certificate is not a prerequisite to Practical Completion or the Builder’s entitlement to payment of the final invoice.
7.9	The Owner may at any time request the Builder to provide a receipt or statement recording or evidencing the payments received from the Owner.
7.10	The Parties will comply with their obligations (if any) under Subpart 2A of the CCA (which requires certain retention monies to be held on trust or otherwise secured) to the extent that Subpart 2A applies to this Contract. The purpose of this provision is to ensure that an adjudicator appointed under the CCA or an arbitrator appointed under the Arbitration Act 1996 has jurisdiction to make a determination in respect of any such obligations, as if they were expressly incorporated into this Contract.

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12 Insurance

4. Calculation of Progress Payments & Final Contract Price

13 Insurance

9. Commencement and Completion of Work

Make a technical enquiry

Make a general Enquiry

7 Invoices and payments

4 Calculation of Progress Payments & Final Contract Price

6. Variations

8 Commencement and Completion of Work

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