Victorian Home Building Contract/Joinery Pack $16,001 To $19,999 (With Insurance)

By law, you must have a written ‘major domestic building contract’ for work worth more than $10,000.  

You are required to obtain Domestic building insurance this is insurance for works over $16,000. This insurance was previously known as 'builders warranty insurance'. 

You must give your client a copy of your domestic building insurance policy and a certificate of currency covering their property before you take a deposit or any other money for work worth more than $16,000.

By law, a deposit can be no more than 10 per cent, if the total contract price is less than $20,000.