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Practice

Legislation

Published: 9 April 2009 | Edited: 22 July 2021

Read time: 4 minutes  Legal system – Australia The Australian legal system is a ‘common law’ system, meaning the two main sources of law are: ...

Glossary Term

Consultant

A person who is consulted for paid, expert advice and related services.

Glossary Term

Primary consultant

A consultant, often the architect, whose responsibilities include direction and coordination of the work of specialist consultants. The primary ...

Glossary Term

Contingency sum

A sum of money included in a building contract or preserved outside it for expenditure, if necessary, on matters unforeseen at the time that the ...

A sum of money allowed in the project budget to cover the cost of matters that are unknown or unresolved at the time the budget is established. The ...

Glossary Term

Contract documents

Contract documents include: a particular written contract, including the agreement between the owner and the contractor, any special conditions, the ...

Glossary Term

Contract price

The total amount including GST paid or to be paid by the owner to the contractor.

Glossary Term

Estimate

A judgement or forecast of the cost of a project based on knowledge, experience and available information.

Glossary Term

Latent condition

A physical condition on, underlying or adjacent to the site which a reasonable contractor would not have anticipated if the contractor had examined ...

Glossary Term

Novation

An agreement between parties to a contract, to substitute one of the original parties (the outgoing party) with a new party (the incoming party) and ...

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