We have recently seen a number of cases where builders and other building contractors are withholding producer statements or records of building work in order to obtain leverage in dispute or non-payment situations.
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In rare cases, a developer may start construction or refurbishment of a building without securing any tenants. In such cases, the developer would need to be confident in the market and have significant capital to finance the build as lenders will generally require a certain level of preleasing prior to ...
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From 1 September 2016 the Construction Contracts Act will extend to new categories of construction professionals. This article provides information as to the changes and how they might affect you.
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Can you still buy under the new LVR rules? The new loan to value ratio restrictions will affect investors as well as owner-occupiers throughout New Zealand, so it pays to understand the key points and the impact these LVR's could have on you.
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The introduction of new consumer protection regulations under the Building Act has placed all building contracts under the spotlight. The days of agreeing to building work on a handshake are long gone. Clients are more switched on around contract terms and contractors often face push back where a client perceives ...
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As a contractor you must notify the engineer in writing as soon as possible if you become aware of any issues which may affect the contract price, delay completion of the project or result in a breach of statutory duty. If you don't you may have to suffer the ...
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In May 2015, the Government announced that it had revised its policy on earthquake prone buildings by better targeting regulations on buildings where location, use and type pose the greatest risk to life.
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For those involved in the construction industry there are soon to be some changes to the law relating to construction contracts. The Construction Contracts Amendment Bill, which has been a work in progress for some years, is poised to come into force from 1 July 2015.
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Residential building consumer protection laws are now in force however there are still many contractors who are unaware of changes and are putting themselves at risk of a minimum fine of $500 for not complying with the new requirements.
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Are you complying with the new consumer protection laws for residential building work?
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QLDC believes that the Queenstown town centre is at risk due to the oversupply of business zoned land around Frankton coupled with the Queenstown town centre zone being at or near capacity.
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So you have decided to build a new home or investment property through a building company, but how do you ensure building your dream home doesn't turn into a nightmare?
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