This table is meant as a guide, please check with your local building authority for up-to-date information. For more information, get in touch with the building authority in your state:. How to request quotes from builders What is 'builders warranty insurance'? Variations: what they are and how to avoid them The prime cost and provisional sum traps Choose the right builders and contractors Choose the right tradespeople for your renovations.
Known as Residential Building Warranty insurance, it covers homeowners for loss of deposit, incomplete or defective building work if their builder dies, disappears or becomes insolvent. The Queensland Building and Construction Commission QBCC is the regulator of the building industry in Queensland, issuing licences to contractors, providing a free dispute resolution service and administering a home warranty scheme to provide insurance cover for residential construction work in Queensland.
In the case of product failure, under these warranties, a consumer is likely to be entitled to a refund or replacement from their supplier of those goods; the contractor. A consumer may also be entitled to compensation for consequential loss if they suffer additional losses as a result of the goods or services failing. Consumer protection law does require a manufacturer to indemnify a supplier who incurs costs as a result of goods not meeting a statutory warranty and the supplier may initiate court action to recover any costs.
In the case of imported goods the importer is deemed to be the manufacturer. Similarly, there are warranties included in construction contracts which extend to the products and building materials supplied under the contract. Often these warranties require rectification of defects by the contractor signatory to the contract. The contractors may have similar recourse to their own supplier depending on the details of the sale contract but this would have to be pursued independently.
Read the fine print on the sale contract carefully as many suppliers are now including clauses to limit their liability here. When do you pay? The Queensland Home Warranty Scheme includes: Construction of a single detached dwelling Construction of a duplex, townhouse, or multi-level units to 3 storeys Construction of a related roofed building e. In relation to a residence or related roofed building e.
Anything attached to the building if it requires building approval or plumbing approval. Any structure attached to the external part of the building where there is no other supporting structure eg: awning or handrail. Stairs or an access ramp which are permanently attached to the building. In relation to plumbing and drainage for a residence or related roofed building: Building work for the primary water supply eg: install water tank for primary water supply Building work for sewerage or drainage eg: work on a sanitary drain connecting a residence to the sewerage main.
Stormwater drainage eg: repair of downpipe or gutter The installation of a manufactured home fixed to land in a residential park. Who is responsible for paying the premium? When are contractors not required to pay the premium? How do I work out the premium amount?
The premium is based on the insurable value of the work. Note : The insurance premium is not to be included in the insurable value.
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