New Zealand NZS 3910:2023 Conditions of Contract for Building and Civil Engineering Construction

Overview

The building and construction industry is worth $18 billion to New Zealand’s economy, equating to a third of New Zealand’s workforce and constituting 12% of all businesses. So, contracts that underpin this massive volume of work, and set clear understanding for deliverables and responsibilities, need to be comprehensive but at the same time easy to understand.

NZS 3910 accounts for nearly 80% of construction contracts written in New Zealand. It’s designed to be suitable for “most contracts, most of the time”. While it’s generally well understood by the sector, over the last ten years the contracting environment has changed. This led to a large number of special conditions being introduced, which often has resulted in an imbalance in risk allocation.  With origins stretching back nearly 60 years, the 2023 revision of NZS 3910 is the first substantial revision in a decade.

Featured Speakers

• Moderator: Jo Hatchman MRICS - Director, Hatch Consulting Limited
• Mike Kemps - Special Counsel, Kemps Weir Lawyers Limited
• Justin Storm MRICS - Group Risk Manager, Naylor Love
• Natasha Possenniskie MRICS - Director, Urban Outcomes Limited

Learning Outcomes

• Hear a range of industry perspectives about the changes to the contract and if the revisions will help to bring about the desired contract clarity, fairness and collaboration.
• Understand the contractual requirements from different perspectives.