Conditions of Eligibility
Your house is eligible for the 18 Week Build Time Guarantee (Guarantee) if the proposed house fulfills the following conditions:
Terms of the Guarantee
If your house is eligible for the Guarantee, then Construction Services Australia Pty Ltd will guarantee to complete the construction of your house within eighteen (18) weeks of commencing its construction (as described below) (Guaranteed Build Time).
However, where the progress of construction is delayed by one of the causes set out in clauses 6.1 or 6.2 of the Building Agreement, your house will no longer be eligible for the Guarantee. Construction of a house commences on the day the slab of the house is poured.
Construction of a house concludes on the day that Hickinbotham delivers a Certificate of Practical Completion in accordance with clause 15.1 of the Building Agreement.
Effect of Breach of the Guarantee
If the Guarantee is not met, Construction Services Australia Pty Ltd will pay you $300 for each complete week from the expiration of the Guaranteed Build Time until the day construction of the house concludes, for a maximum of six (6) weeks. Such payment will be the full extent of Construction Services Australia Pty Ltd's liability to you for failing to meet the Guarantee.
The payment will take the form of a deduction from the final progress payment required to effect formal handover of the house.
* Available for all contracts signed from 1st February 2011
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