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Glossary Term

Owner

Usually, the owner of the land. However, in some building contracts such as for a tenancy fit-out, one party is called 'the owner' but they do not ...

Glossary Term

Particular person

An individual or company selected by the owner and specifically identified in the building contract as the subcontractor whom the owner wants to ...

Glossary Term

Project budget

An amount established by the client which represents the total available funds for the project including building costs, provisional sums, escalation ...

Glossary Term

Provisional sum

A sum included in the contract for foreseeable work, which could not be fully described at the date of the contract, because some details were ...

Glossary Term

Works

The completed construction as set out in the contract documents. Generally works can be seen as the product of the work carried out under the ...

Glossary Term

GST

GST Goods and services tax levied under the GST Act - A New Tax System (Goods and Services Tax) Act 1999. View full glossary ...

Glossary Term

Graduate of architecture

Graduate of architecture A person who has completed a recognised architectural qualification, but who is not registered as an architect under the ...

Glossary Term

Tender

Tender An offer to perform work and/or supply goods at a given price, usually made in writing. View full glossary ...

Glossary Term

Warranty

Warranty A warranty is an undertaking that one's work or product attains a certain standard. If the subject of the warranty is found to be other ...

Glossary Term

Witness point

Witness point Usually defined as an opportunity to witness an activity or item for which the contractor is required to give notice but which ...

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