The Australian Institute of Architects (AIA) and Master Builders Australia (MBA) have drafted a new Commercial Cost Plus Building Contract.

Cost plus contracts can be used to experdite building works prior to the final cost of works being known. They allow monitoring of costs during construction to achieve a budget outcome tied to a timeline.

For further information visit:

http://www.architectureanddesign.com.au/news/mba-announces-new-updated-cost-plus-building-contr?mid=027d05d912&utm_source=Cirrus+Media+Newsletters&utm_campaign=17d20759ca-Architecture+and+Design+Newsletter+-+201&utm_medium=email&utm_term=0_fe913f1856-17d20759ca-58970705