Statutory Warranties and the Home Building Act 1989

The Home Building Act 1989 (“the Act”) provides statutory warranties which are expounded in section 18B of the Act and are implied into every building contract to do residential building work. These warranties relevantly include that the building works “will be done with due care and skill and in accordance with the plans and specifications […]

Entering into a Construction Contract? Beware of the Liquidated Damages Clause!

Entering into a Construction Contract? Beware of the Liquidated Damages Clause!

Liquidated damages are an amount of money that contracting parties agree on as the amount of damages one of them can recover if a party breaches the contract. Usually they apply to some specific type of breach of the contract, not any breach of any promise in the contract. In construction contracts, the liquidated damages […]