Construction Costs
Current construction and build cost guidance across Australia — rates, estimating and how build costs affect depreciation claims.
11 expert articles in this category, written by Koste's Chartered Quantity Surveyors.
How Being an Owner-Builder Affects Your Depreciation
An owner-builder is someone who takes the role of a builder to construct or renovate their own property. This affects depreciation as the ow…
What is a Practical Completion Certificate?
A practical completion certificate signals that construction work is complete except for minor defects that don't affect usage. It's a criti…
How to Dispute a Builder's Variation Claim in Australia
To dispute a builder's variation claim, review the contract terms and ensure the variation notice complies with the contract's requirements.…
What is a Variations Clause in a Building Contract?
A variations clause in a building contract allows adjustments to the scope of work during a construction project. This clause outlines how c…
What Is a Prime Cost in Construction Contracts?
A prime cost in construction contracts refers to an allowance for items not yet selected or priced at the time of contract signing. These of…
What is a Cost-to-Complete Assessment?
A cost-to-complete assessment evaluates the remaining expenses needed to finish a construction project. This involves analysing current prog…
What is an Independent Construction Cost Assessment?
An independent construction cost assessment is a detailed analysis performed by a qualified Quantity Surveyor to estimate the total cost of …
What is a Provisional Sum in a Building Contract?
A provisional sum in a building contract is an estimated allowance for specific work or materials that cannot be accurately priced at the ti…
What is a Contingency Allowance in Construction?
A contingency allowance in construction is a budgetary allocation set aside to cover unforeseen expenses and risks during a project. Typical…
What Factors Affect Construction Costs in Australia?
Construction costs in Australia are influenced by factors such as location, materials, labour, regulatory requirements, and project complexi…
How Construction Costs Affect Your Depreciation Schedule
Construction costs directly impact your depreciation schedule by determining the capital works deductions you can claim under Division 43 of…
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