Watertight “Contract Completion” & “Defective Construction” Benefits
Warning!
There is no Government Statutory Insurance for Residential Swimming Pool construction available in Queensland unlike Residential Home construction, where the BSA provides Insurance protection for Consumers.
As an additional and exclusive benefit for Consumers who contract with them, members of SPASA have made arrangements to ensure that:
- your Residential Swimming Pool Construction Contract will be completed; and
- your entitlements (up to 6 years) under the required Statutory Warranty period will be honoured.
In summary, the benefits of Watertight Benefits for you are:
When you sign a contract - Part 1. Watertight "Contract Completion" Benefit
This benefit indemnifies you for all costs (in excess of the amounts retained by you) that are reasonably and necessarily incurred to complete the Works, as specified in your SPASA Recommended Domestic Contract for the Construction, Installation or Renovation of a Domestic Swimming/Spa Pool, following the failure of the Contractor to do so, for reason of the “Contractor’s Default”.
Simply said, this means that if the SPASA Member is unable to complete the obligations under the Contract due to “Contractor Default”, and you are covered by Watertight Benefits, the Contract will be completed at no additional cost to you.
Even if your Contract has not yet started you may be able to recover the deposit paid (less the excess of $100).
Watertight "Contract Completion" Benefit does not cover any workmanship defects or any other warranty items. It simply insures the completion of the Contract itself.
Part 1 of the Benefit automatically expires on the date of Practical Completion or 12 months from the Contract Date (which ever is the earliest).
When your contract is completed - Part 2. Watertight "Defective Construction" Benefit
This benefit Indemnifies you for all costs (following completion of the contract), that are reasonably and necessarily incurred to complete the “Statutory Warranty” work required to rectify, replace or reinstate, as directed by the Building Services Authority (or other assessor appointed), for a period of up to 6 years following “Handover”, following the failure of the Contractor to do so, for reason of the “Contractor’s Default”.
Simply said, this means that if the SPASA Member is unable to complete the work as directed under the Statutory Warranty requirements for reason of “Contractor Default”, and you are covered by Watertight Contract Benefits, the work required to repair, replace or reinstate.
Part 2 of the Benefit commences on the date of Practical Completion (copy of the certificate required) and automatically ceases 6 years from that date.