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Entitlement to Time-related Costs, when an EoT is not granted
If you are slow in notifying a claim for an Extension of Time, [1] it’s potentially a bad situation, but all is not lost. A Contractor...
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'Project Specific' Overhead Recovery
NZS3910 misrepresents Overheads as ON SITE, or OFF SITE... Our definitions are clear, but our terminology is misleading. The NZS3910...
The NZ Building Economist
Mar 3, 2023
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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
Jan 25, 2023
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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
Jan 30, 2022
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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 28, 2021
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National House Costs - What Statistics tell us.
Statistics NZ provides Residential Unit Consent data that tells us how many dwelling units are consented, the total Gross Floor Area...
The NZ Building Economist
Aug 29, 2021
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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
Aug 22, 2021
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"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
The NZ Building Economist
May 2, 2020
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