Our Contracts must include what essential details to be considered a legal document?

Technical, Legal & Facilitating

Domestic Building Insurance Cover is for how long?

6 years structural, 2 years non-structural

What are the stages for schedule of payments?

Deposit, Base, Frame , Lock up, Fix & Completion

What is the Limit on Deposits?

5% of any contract price that is $20,000 or more.

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Metricon Contract

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Questions 12

Answers

1
Our Contracts must include what essential details to be considered a legal document?
Technical & Legal
Technical, Legal & Facilitating
Legal & Facilitating
Terms and Conditions, Legal & Facilitating
2
The Customer has the right to appoint their building surveryor.
True
False
3
A contract need to be written on paper to be enforceable!
False
True
4
Who determines the Construction Timeline?
The Sales Team
Head Office
The Estimating team
The Construction Team
5
When should you read and sign the Consumer Affairs Checklist?
One of the first things to be done
After the Contract is signed.
Anytime, it's not important
Prior to signing the contract
6
Domestic Building Insurance Cover is for how long?
6 years structural, 2 years non-structural
7 years structural, 2 years non-structural
10 years structural, 2 years non-structural
6 years structural, 1 years non-structural
7
Why are Contracts important at Metricon?
They give us clarity on our agreements
They give certainty about the financial agreement
All of the Above
They make our business manageable
8
What are the stages for schedule of payments?
Deposit, Base, Frame , Lock up, Fix & Completion
Deposit, Base, Frame , Fix, Lock up & Completion
Deposit, Base, Lock up, Frame, Fix & Completion
Deposit, Frame , Lock up, Fix & Completion
9
How long is the cooling-off period for a contract?
5 Clear Business Days
7 Business Days
5 Business Days
4 Clear Business Days
10
What is an acceptable reason to request an extension of time?
Known delays for delivery materials /goods prior to signing the contract
Bad Weather conditions
11
What is the Limit on Deposits?
2% of any contract price that is $20,000 or more.
15% of any contract price that is $20,000 or more.
5% of any contract price that is $20,000 or more.
10% of any contract price that is $20,000 or more.
12
The HIA contract is used at Metricon
True
False

Metricon Contract Flashcards | StudBud