Victorian Home Building/Joinery Contract Pack For $20,000 And Over (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 $16,00.

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