construction process showing itp
CategoriesGeneral News

What does ITP stand for in construction?

In construction, ITP stands for Inspection and Test Plan.

It is a quality-control document that shows what needs to be inspected, tested, when those checks should happen, and who is responsible for them during the construction process. An ITP helps make sure the work is carried out in line with the project requirements, drawings, specifications, and relevant standards. 

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image showing cost plus in construction
CategoriesGeneral News

What is cost plus in construction?

Cost plus is a construction pricing model where the owner pays the actual cost of delivering the project, plus an agreed builder’s fee or margin. Instead agreeing on a fixed price at the start, the final contract value depends on what the work costs as the project progresses. 

The “cost” part usually includes items such as labour, materials, subcontractors, and any other project expenses. The “plus” is the builder’s margin or management fee, which covers overhead and profit. 

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what is prime cost in construction
CategoriesGeneral News

What is a Prime Cost item in construction?

A Prime Cost (PC) item is an allowance in a building contract for an item that has not been selected when the contract price is prepared. It usually applies to the supply of a fixture or fitting excluding the labour to install it. 

Common PC items include taps, toilets, basins, tiles, appliances, door hardware, and light fittings. 

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what is construction certificate in Perth WA
CategoriesGeneral News

What is a construction certificate in Perth?

If you’ve ever heard the term “construction certificate”, it’s important to know that in Western Australia it usually isn’t a formal term used in the approvals process. In WA, the approval you typically need before building work starts is a building permit, and depending on the application pathway, that permit may need to be supported by a Certificate of Design Compliance (BA3) signed by a registered building surveyor.  

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construction workers looking at a project for a new tender
CategoriesGeneral News

What is a tender in construction?

In construction, a tender is a formal process where a client invites builders to submit a price and proposal to deliver a project. The submission itself is also commonly called “a tender.” Tendering is the structured way of asking:

-How much will this project cost?

-How long will it take?

-How will you deliver it?

For clients, tendering matters because it’s often the point where a project shifts from idea into real commitments around budget, scope, timeline, and risk.

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image of a construction site and loan agreement
CategoriesGeneral News

What is a construction loan?

A construction loan is a type of finance package designed specifically for building or renovations. Unlike a standard home loan where the lender usually provides the full loan amount at settlement a construction loan is typically released in stages, as building work is completed. These staged releases are often called progress payments or progressive drawdowns.  

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What are earthworks in construction in Western Australia
CategoriesGeneral News

What are earthworks in construction?

Earthworks are the first major stage of a build. It’s the work that prepares the land and gets it ready so that foundations, slabs and external areas can be built properly. It involves excavating, levelling, placing and compacting fill, and setting site levels so the building sits where it should and water drains away from it.

For home buyers and property owners, earthworks are important because they can influence cost and time. Here’s all the information you need to fully understand this stage.

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