MWC for Commercial (Minimum purchase: 2)
Medium Works Contract
Lump sum contract, the terms and conditions of which are in keeping with commercial sector practice. It includes conditions for retention and liquidated damages and provides for progress claims at regular intervals, rather than at stages of the project.
It can be used for housing projects but strictly only where the price is $500,000 or more (that is, outside the scope of the Home Building Contracts Act).
Depending on the project’s nature, the contract can be used for jobs in the hundreds of thousands through to multi-million-dollar builds.
The contract is directly between builder and owner and does NOT provide for an architect or superintendent providing administration on the owner’s behalf.