Retentions, What are they good for?
Are Retention's of use for guarding against insolvency, ensuring timely performance, or for ensuring quality work is delivered defect...
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The NZ Building Economist
Dec 10, 2023
Contractual Interpretation - What the Law Says
There are two all-important rule books that require our constant, thorough and relentless study of, in the quest to know the truth about...
The NZ Building Economist
Jan 25, 2023
Accurate Payment Claims need Timely Payment Schedules
There is nothing in NZS3910, SA2017 or the CCA that requires us to calculate our claims on a “value to date basis”, less a previous value...
The NZ Building Economist
Apr 10, 2022
Getting to the Entitlement Point, is what really Matters
Qualifying circumstances must always be treated as a variation. It is a choice to argue badly as a tactic to distract, confuse, delay,...
The NZ Building Economist
Jan 30, 2022
Off Site Materials, Payment Terms and Risks
In these supply shortage, inflationary times, we order everything we can early, to secure the programme and the budget. But price and...
The NZ Building Economist
Dec 12, 2021
The Engineer and Natural Justice
What is natural justice? The words “natural justice” have specific meaning in the law. Natural justice comprises two rules, the rule...
The NZ Building Economist
Nov 28, 2021
The Principles of Valuation NZS3910:2013
Here we explore [1] Valuing Variation, [2] Valuing Other Matters, and [3] the Principles of Valuation, to be applied to everything being...
The NZ Building Economist
Nov 21, 2021
Subcontractor Extension of Time Dis-entitlement, No harm no foul
Three infill units, Auckland's North Shore 2021 There was a time when subcontractors were never allowed to be late. It was a time when,...
The NZ Building Economist
Nov 14, 2021
Show me your contract
To ensure fair resolution of claims emanating from subcontractors, the Head Contractor must be transparent with the Principal about...
The NZ Building Economist
Aug 22, 2021
Market Fluctuations on Contracts 2021, 2022, 2023...
Our industry has largely lived with Fixed Price Lump Sum contracts since the 1980’s demise of labour awards and relatively stable low...
The NZ Building Economist
Jan 27, 2021
Tips for Builders - How to avoid Accounts Processing Traps
Great customer service includes promptly presenting complete, detailed, accurate accounts. Your client has expectations about your...
The NZ Building Economist
May 2, 2020
"Let the Profit Margin be" - The Principles of Valuation
The Contractors financial and overhead expenses include any number of risks that frequently arise including the financial impact of Covid-19
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