We require a final account/statement to the client including
all variations (inclusions & exclusions) demonstrating
that the build is within price category entered. All figures are GST inclusive.
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List and value of all the client supplied items and
services (this includes cost of plans and consents).
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We’re looking for what the homeowner paid to build the
home. The total owner’s price (including all items paid
by the owner — not just the builder’s cost price)
determines the build cost and your entry category.
What to upload:
We do not require your builder invoices, but we need a final
statement (from your accounting system e.g. Xero, MYOB) that
you send to the owner showing the total payments made to you.
Along with this, we require a specification list showing what
was included in the contract price along with the building
contract.
Owner supplied items need to be included:
When the builder builds the home at an hourly rate and the
owner supplies goods and services themselves, add a margin of
10% to owner supplied items. This brings the cost in line
with a builder adding a 10% margin to builder supplied goods
and services.
For Architect fees, Engineers fees and consents the 10% margin
does not apply.
If the build is a spec home:
If there is no building contract and you have built this home
to on sell, then a QS report is required. The QS report should
include all builder overheads, margins, and GST (i.e. the sale
price for the home). If a contract is made after the home is
built, the contract does not apply.
For Builder’s Own Home and Show homes:
Financial verification is not required for the above categories
— however, for either to be considered for the under $1 million
Supreme award, a QS report would need to be provided. Otherwise
all eligible entries will automatically be entered into the
over $1 million Supreme award.