18 Month Fixed Price Guarantee
Your home is eligible for our 18 Month Fixed Price Guarantee (Guarantee) if:
If you meet the eligibility requirements above, clauses 7.1, 7.2, and 7.3 of your Building Agreement (the "rise and fall" price adjustment provisions) will not apply and will be deemed not to form part of your Building Agreement*.
If we can't issue you with an OK to Start date within 18 months of Building Agreement being signed by both parties, then your Building Agreement will need to be cancelled, and a new, updated contract ill need to be signed if you wish to proceed.
The Guarantee does not affect the parties' rights to terminate the Building Agreement before the OK to Start date.
24 Month Fixed Priced Guarantee
If you meet the eligibility for the above Guarantee as they apply to a 24 Month Fixed Price Guarantee, and your home is to be built in one of the following developments, we will increase the Guarantee period from 18 months to 24 months (on the above terms):
Date of issue 05.12.2025 Construction Services Australia Pty Ltd. ABN 99 007 641 787. Builder’s License No G8969 RLA230557
E&OE © Hickinbotham
Your house is eligible for the 30-week Build Time Guarantee if the proposed house fulfils the following conditions:
Terms of the Guarantee
If your house is eligible for the Guarantee, then Construction Services Australia will guarantee to complete the construction of your house within 30 weeks of commencing its construction (as described below) (Guaranteed Build Time).
However, where the progress of construction is delayed by one of the causes set out in clauses 6.1 or 6.2 of the Building Agreement, your house will no longer be eligible for the Guarantee. Construction of a house commences on the day the slab of the house is poured.
Construction of a house concludes on the day that Hickinbotham delivers a Certificate of Practical Completion in accordance with clause 15.1 of the Building Agreement.
Effect of Breach of the Guarantee
If the Guarantee is not met, Construction Services Australia Pty Ltd will pay you $250 for each complete week from the expiration of the Guaranteed Build Time until the day construction of the house concludes, for a maximum of (six) weeks. Such payment will be the full extent of Construction Services Australia Pty Ltd.’s liability to you for failing to meet the Guarantee.
The payment will take the form of a deduction from the final progress payment required to take effect formal handover of the house.
Available for all contracts signed from the 4 September 2024.
All information correct at time of printing.
Date of issue 04.09.2024 ACN 007641787. Builder’s License No G8969 RLA230557
E&OE © Hickinbotham
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