Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Review: Conditions of contract for construction



MEDIA RELEASE

Review of NZS 3910:2003 – 'Conditions of contract for building and engineering construction'

New Zealand 's leading Standard for contract conditions is NZS 3910:2003 Conditions of contract for building and engineering construction. Standards New Zealand is reviewing NZS 3910 to ensure it continues to meet the needs of New Zealand's building and construction sector.

Contracts that are easy to understand, complete, and allow for collaboration and contingencies such as dispute resolution, are critical in today's highly competitive and technical building and infrastructure environment. That's why the majority of New Zealand building, construction, engineering, and road contractors rely on NZS 3910:2003 Conditions of contract for building and civil engineering construction to develop contracts that are suited to New Zealand's industrial and legislative environment.

NZS 3910:
• is the primary document used for civil works projects where an engineer is appointed to oversee the work
• has been developed to meet current and future needs in a form of contract that can be and is used in all types of construction (vertical and horizontal)
• complies with the requirements of the Construction Contracts Act 2001
• is supported by substantial case law
• accommodates multi-disciplinary contracts
• has extensive and modern dispute resolution procedures
• provides for clients, contractors, and engineers to work collaboratively
• provides for clients to achieve project objectives with certainty
• offers clarity, simplicity, flexibility, and fairness
• allocates risk to the party best able to accept the risk
NZS 3910 is being revised to ensure it continues to meet the needs of New Zealand's building and construction sector. A scoping meeting for the review was held in 2011 and publication of the revised Standard is expected in early 2013.

As with all New Zealand Standards, NZS 3910 will be developed by an expert committee using a consensus-based approach. The process is transparent and includes a public comment period. This ensures that our Standards solutions are practical and relevant in a New Zealand context, and widely recognised and supported.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Hospitality NZ: Hospitality Wages Jump 9% To Pass Living Wage
Wages and salaries across the hospitality sector continue to increase despite businesses having to battle through some of the toughest trading periods in living memory... More>>



Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>