Introduction to the DB5
11-March @ 4:00 PM - 7:00 PM AEDT
An information session and opportunity to ask questions about the new MBT Fixed Price Residential Building Contract.
EARNS 3 CPD POINTS!
The new MBT Fixed Price Residential Building Contract (DB5) brings important updates aimed at improving clarity, reducing risk, and streamlining contract administration for residential builders. This training session will provide a comprehensive breakdown of the key changes, ensuring builders and industry professionals understand how the new contract impacts their projects from start to finish.
We will explore…
- The structure and layout of the new DB5 contract and how it differs from previous versions
- Key updates to the General Conditions of Contract clauses and why they have been introduced
- Adjustments to progress payment stages and their implications for cash flow and project management
- Changes to definitions and terminology to enhance clarity and reduce misinterpretation
- Practical considerations for implementing the DB5 contract effectively in residential projects
This session is essential for builders, contract administrators, and industry professionals who want to stay informed and ensure they are using the latest contract documentation correctly to support smooth project delivery.
