Equitable Margin Recovery Under NZS 3910: Rethinking Working Day Rates, Proportionality, and Contractual Equity In New Zealand construction contracts, few topics generate as much quiet frustration, and occasional dispute, as the valuation of time‑related cost under NZS 3910. The phrase most often used, “overhead and profit recovery”, is itself misleading. NZS 3910 does not define profit, and it does not provide a discrete mechanism for recovering it in the way practitioners o

If you are slow in notifying a claim for an Extension of Time, [1] it’s potentially a bad situation, but all is not lost. A Contractor...

NZS3910 misrepresents Overheads as ON SITE, or OFF SITE... Our definitions are clear, but our terminology is misleading. The NZS3910...

There is nothing in NZS3910, SA2017 or the CCA that requires us to calculate our claims on a “value to date basis”, less a previous value...

In these supply shortage, inflationary times, we order everything we can early, to secure the programme and the budget. But price and...

Here we explore [1] Valuing Variation, [2] Valuing Other Matters, and [3] the Principles of Valuation, to be applied to everything being...

Statistics NZ provides Residential Unit Consent data that tells us how many dwelling units are consented, the total Gross Floor Area...

Our industry has largely lived with Fixed Price Lump Sum contracts since the 1980’s demise of labour awards and relatively stable low...

The Contractors financial and overhead expenses include any number of risks that frequently arise including the financial impact of Covid-19