The latest edition of Australian Building Industry Contracts has been launched, representing the most contemporary version of the most widely used building contract in Australia.
ABIC provides the market with an up-to-the-minute suite of standard-form contracts for a variety of building works, from small extensions right through to large residential and commercial projects.
“The best thing about ABIC is that the contracts are developed by builders and architects, designed to be simple and clear, and reduce the chances of dispute and confusion that is frequently the cause of costly delays,” Master Builders Australia chief executive officer Denita Wawn said.
“The 2018 version of ABIC represents the most comprehensive update in several years, and recent improvements will provide owners, builders and architects with greater certainty when embarking on a building project.”
Arising from a partnership between Master Builders Australia and the Australian Institute of Architects, ABIC contracts have a focus on avoiding disputes by ensuring the fine detail is clear and simple.
“A strong and transparent relationship between architects, builders and their clients delivers the best outcomes for all parties,” Australian Institute of Architects chief executive Jennifer Cunich said.
“The updated ABIC suite provides practitioners and consumers with comprehensive, accessible contracts to help ensure projects are delivered on time and on budget.
“They are a very practical way of assisting the construction or renovation process to proceed smoothly and with a clear understanding of the rights and responsibilities of all involved.”
Ms Wawn said anyone embarking on a building project, large or small, should make sure that their architect and builder were using the latest version of ABIC.