Noted as one of the biggest economic drivers in Australia, the construction industry plays an essential part in the country’s successful economy. All in all, it includes both residential buildings and non-residential buildings, as well as engineering construction. The construction industry also consists of the construction trades of bricklaying, electrical services (in and out of a structure), and any plumbing needed in each building. But that’s not all. Let’s take a closer look at the entirety of the Australian construction industry.
An overview of the construction industry
All in all, you’ll find that the construction industry within Australia’s country is tied mostly to the domestic market and comprises around 200,000 businesses. This represents about 20% of the total number of companies in Australia. The market has recently begun to stabilize, which has helped the domestic and global economy. You’ll find that engineering construction has grown quite a bit over the last few years, with the previous year showing sufficient change. You’ll also want to note that the demand for commercial and residential properties has increased, which in turn helps build and strengthen the local commercial building activity in the area.
The different parts of construction law
Outside of the history and recent upturn of the local construction industry, it is also imperative to understand when it comes to the different parts of construction law. Though a construction law lawyer and a contracts and claims manager like Lisa Dudzik can and will help you better understand the specific details, it’s easy to learn the law’s general aspects first.
When first looking at construction law, you’ll find it helpful to understand what the term even means. With that said, the outlining idea of construction law covers the planning and development applications with the council, the tenders and negotiations involved with each project, and the joint venture agreements. You’ll also want to note the inclusion of debt recovery, dispute resolution, and litigation, contract drafting, and advice. These all are pretty straightforward, as they can be changed and affected by state, local, and federal laws. Again, this is another reason why hiring professional help should be one of the first things done before starting a new building project.
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In addition to everything stated above, you’ll also want to take note of the National Construction Code. This code, also known as the NCC, is a code that is issued directly from the Australian Building Codes Board and outlines the bare minimum requirements of both the construction and design of any new buildings. It outlines a very intense and strong emphasis on the safety and health and the sustainable design of new buildings.
Australia’s construction industry has been growing quite well within the last few years, making it a growing choice for those looking to enter a new profession. Of course, before entering it, it is always a wise idea to have some background information first.
