HIA Contract for Residential Building: A Home Owner’sGuideReceiving your HIA Contract from your builder is an exciting time for most homeowners.The first thing to do is to conduct a HIA building contract review. You will want to manageyour risk on Costs, Time, and Quality of the build.

HIA Contracts for New Dwellings

Residential building contracts issued by the Housing Industry Association, such as the HIANSW Residential Building Contracts for New Dwellings, are typically written to favorBuilders.

Therefore, you as home owner, must be mindful of the terms or clauses embodied in thecontract, and review them first before signing.

What are Contract Terms?

Contract terms represent the written agreement of the parties. They are organised intodifferent sections called “Clauses.” They lay out and define each party’s:

● rights● obligations● liabilities in case of breach

What to Focus On

HIA building contracts in NSW typically contain upwards of 30 pages. That may seemdaunting to a first time home owner.

You can then use this guide to know which parts of the contract you should focus on - i.e.,the clauses that affect your risks relating to:

● Cost● Time● Quality

List of Important Terms/Clauses

Here’s a quick look at your HIA fixed price building contract’s must-know provisions

How We Can Help

These are just a few clauses that you need to pay careful attention to. For a more thoroughunderstanding of your HIA contract, you may get in touch with Contracts Specialist for anin-depth Contract Review and Advise.

Contracts Specialist has been engaged in the practice of construction law for more than10 years now, and has extensive experience in reviewing contracts and making sureparties sign into a fair deal.