At 1STRUCT, we want to ensure the entire building process is completely transparent for anyone looking to undertake a construction project. To ensure you’re educated and informed about your very own build, we’ve put together this post with everything you need to know about those final steps before your project begins.
Here is a list of the The Final Steps Just Prior To Construction with more detailed information on each of the specific steps further below.
- Finalise scope and budget with your builder
- Peruse drafted contract documentation
- Final contract is drawn up and signed with a project timeline and payment schedule
- Client provides proof of title of the land, and loan approval documents or proof of funds
- Client organises deposit payment
- Builder processes QBCC Insurance and Q-Leave
- Building Approval is issued
- Construction begins
Finalising Scope and Price
One of the final steps is to finalise your scope and price. Your builder should take the time to work closely with you to review the detail of the entire project and your anticipated inclusions and exclusions. This is a chance for you to identify any areas where you would like to save money, and consider areas where you may like to spend more in order to achieve a higher quality finish to match your vision.
This process is essential to ensure your budget, build cost and vision for the project align and allow everyone to be on the same page in terms of the final scope and budget.
Once you’ve agreed on the final scope and price of the build, contract documentation can be drafted. Your builder will send you a copy of a draft contract (usually a HIA or Master Builders) along with a project timeline and payment schedule for you to peruse and give a final check over the scope of works and specifications.
Any required contract alterations are made and once you’re happy with the contract detail, your builder will then send through a final draft copy. It is at this point that you will need to provide the following:
- Proof of title of the land (i.e. rates notice, electricity bill, water notice etc); and
- Loan approval documentation or proof of funds
After you’ve submitted these documents the builder prepares the final documentation and the contract is signed.
Deposit & Building Approval
After the final contract has been signed, the deposit payment is due. Once the deposit has been transacted your builder can execute QBCC (Queensland Building and Construction Commission) Insurance and Q-Leave payments, These certificates are then supplied to the certifier to facilitates the issuing of Building Approval.
If you are financing your project with a construction loan, deposit payment can take up to a week to be processed. It’s always a good idea to chat with your bank manager to find out your bank’s processes before you organise to pay the deposit.
Often your lending consultant will require a copy of the signed contract, approved plans and Building Approval before they can release any funds. However as noted above, before Building Approval can be issued you will need to have put down a deposit to facilitate Q-Leave and QBCC certificates. This means you may need to pay the initial five per cent deposit payment out of your own pocket. Once you have approval, your loan will be released and building can commence.
If you are funding the entire project yourself, you should always inform your builder, as there may be a separate set of processes for this path. At 1STRUCT we have unique processes for each of these paths so it’s important that we are aware of your payment plan from the earliest stage possible.
Begin the Build
Once all of the above steps have been ticked off your builder can commence works onsite. It might seem like a confusing process, but it is relatively simple when explained clearly and when you are dealing with a quality builder. Remember, your builder is there to help you and should be able to answer any questions you may have about the construction process at any stage of the project.
If you want to know more about the final steps to construction or simply want to find out how 1STRUCT can help kick-start your very own build, get in touch with us today!