Lump Sum Home Building Contracts

Monday, August 30, 2021

Since the introduction of the Federal HomeBuilder and WA Building Bonus grants, there have been issues relating to delays in the construction process and claimed increases in builders’ costs, which we have seen builders look to pass on to owners under their building contracts.

Whilst the widely used Lump Sum Building Contract specifies a price for home construction, there are clauses that allow builders to increase the so-called ‘lump sum’ price in specific circumstances.

Owners are often unaware of these price increase clauses, their rights, and the process to dispute a price increase notice from the builder. If owners want legal advice on disputing a price increase notice they should seek that advice urgently, as there are strict time limits for the dispute process.

Our practice is located outside of the Perth CBD and because of this our hourly rates and fixed prices for commercial work and for litigation are 20% lower than the standard rates charged by most Perth law firms.  Our rates are extremely competitive compared to the rates charged by other commercial law firms. 

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