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What Is the ABIC MW-2018 Major Works Contract PDF and How Can You Use It for Construction Projects?
If you are involved in the construction industry in Australia, you may have heard of the ABIC MW-2018 Major Works Contract PDF. This document is a standard form of contract that defines the legal and commercial relationships between the owner of a building project and the contractor who will manage and execute the works. The ABIC MW-2018 stands for the Australian Building Industry Contracts Major Works edition 2018, which is the latest version of this contract published by the Master Builders Association and the Australian Institute of Architects.
The ABIC MW-2018 Major Works Contract PDF is designed to be fair and balanced, providing a framework for clear communication, risk allocation, and dispute resolution. It covers various aspects of the project, such as the scope of work, the payment schedule, the quality standards, the insurance requirements, the variations and extensions, the delays and disruptions, the defects and warranties, and the termination and suspension. The contract also includes annexures and schedules that specify details such as the plans and specifications, the security of payment, the environmental and occupational health and safety obligations, and the intellectual property rights.
The ABIC MW-2018 Major Works Contract PDF can benefit both parties by reducing uncertainties and conflicts, enhancing transparency and accountability, and ensuring compliance with the relevant laws and regulations. For example, the contract requires the contractor to obtain all necessary permits and approvals, to comply with the Building Code of Australia and other standards, and to provide warranties and certificates for the materials and workmanship. The contract also allows the owner to monitor and inspect the works, to approve or reject the variations and extensions, to claim liquidated damages for delays, and to terminate the contract for default or convenience.
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