Home Building Compensation Fund Insurance

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  • 11/07/2016 at 4:51 pm #10529 Reply | Quote
    mac

      Our owners corporation is undertaking a refurbishment of our lift – the project budget is $150k.

      The contract being used is the NSW Fair Trading Building over $20k contract – unaltered except the requirement on the contractor to provide HBCF insurance has been deleted.  The contract has been signed by both the contractor and the owners corporation.

      My question is – Can the parties to a building contract in excess of $20k in NSW agree to waive the requirement for HBCF insurance?

       

      Thanks

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    Reply To: Reply #25098 in Home Building Compensation Fund Insurance
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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