Construction Bulletin | June 2018

The Construction Bulletin is your monthly snapshot of activity and information you need to know in the construction, property and infrastructure spaces.

In this bulletin, we:

  • consider the reluctance by banks to approve loans for prefabricated buildings;
  • summarise the recent case of Richina Pacific Ltd v Samson Corporation Ltd on performance bonds;
  • discuss a recent decision challenging the ‘owners pay’ principle for unit title repairs;
  • review the latest edition of the Conditions of Contract for Consultancy Services; and
  • recap the month's construction and infrastructure market activity.

Can banks ‘bank on' the prefab industry?

One of the industry’s most challenging hurdles is availability of lending to buyers of pre-fabricated houses.

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The bond stacks up

Court confirms principal can call on a performance bond if the contractor has not fully discharged its contractual obligations.

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Who pays? Benefit trumps ownership

Under the Unit Titles Act, the owner of property typically pays for repairs. A recent decision turns this principle on its head.

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New edition of ‘CCCS' released

The Conditions of Contract for Consultancy Services, has been updated and is available for use.

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Market activity

A selection of construction news from the market.

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If you would like to discuss any of the topics mentioned in this bulletin please get in touch.

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