EP77: What you need to know about Building Contracts with Cian Brennan

Everything Property

Welcome back to the Australian Property Investing Podcast Everything Property with your host David Hamilton. On today's episode, we are joined by Cian Brennan to break down everything you need to know about Building Contracts, whether that be for your next renovation, granny flat, duplex, townhouse or even bigger!
During this chat, we cover:
- How and why Cian first made the move to Australia
- How he got started dealing with contracts and starting a business
- The goal of the building contract
- The 4 main areas you need to review when going through a building contract
- The MOST important thing to remember when entering into a construction contract
- Building brokers: What they do, the value they add and how they get paid
- Questions to ask your builder
- Liquidated damages: What they are and what you need to know
- Consequential damages: What they are and what you need to know
- Termination clauses
- The cause of 90% of issues in construction contracts
- How to handle changes in a construction contract (workflow)
- Cost plus vs Lump Sum
- Defects, retention and security
- Plus much, much more!
If you want to learn a bit more about the work Cian and his team does, head over to: https://quantumcontractsolutions.com/
Don't forget to check out the summary post on our Instagram we just posted which covers what we discuss in this chat.
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Disclaimer: The topics, conversation, opinions and discussion provided in this episode are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.