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Category: Building and Construction

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Building and Construction

What Does ‘Fit for Purpose’ Mean?

Fit-for-purpose obligations require that a good or service is suitable for a particular purpose. The fit-for-purpose requirement may be set out in a contract or implied by law. Fit-for-purpose obligations

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Building and Construction

Subcontractor Agreement Terms and QBCC

A subcontractor agreement is a contract between a contractor and a subcontractor. A contractor may decide to hire a sub-contractor when they recognise their resources and expertise are insufficient for

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Building and Construction

What Are Liquidated Damages?

Liquidated damages are a predetermined amount of loss. It calculates a specific amount of loss before incurring any loss. People often use the term in construction contracts. Liquidated damages can

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