Building Consent:

Previously referred to as permit plans.  Full working set of plans and specifications that have been approved by the council.

Code of Compliance:

This is a certificate from council that is issued after the final inspection that the home complies with your consent documentation. 

Contingency sum:

An allowance made that is over and above the contracted amount, to allow for any unforeseen or unpredictable matters.  These sums are controlled by the architect, engineer or the client's representation.     

Contractor (main):

The person who will build your home.

Fixed price contract:  

Your home legally has to be completed for the price specified in your build contract.  However, it is still very important to check adequate PC amounts and all of the specifications of the products as well as any exclusions and additions.

LIM – Land Information Memorandum:

A report that contains everything that council knows about the land, and includes such things as historical slippages, potential erosion, unpaid rates, storm water and sewage drains, district plan classification that relates to the land, consents or certificates relating to the land or buildings etc

PC Sum:

Prime Cost.  Amount allocated to

PIM  - Project Information Memorandum: 

Issued alongside build consent and is confirmation that building plans may be undertaken subject to the Building Act 2004 and further information specified by council. 

Quantity Surveyor:

A professionally qualified person who will be involved in the tendering process, checking the quantities of materials and overseeing the financial aspects of the build.   

Scheme Plan: 

Draft floor plan of the house, with possibly an elevation and site location.

Specs:

Specifications of the products in your home i.e. either the model number, code of the product or the quality of the finish,    Make sure you check this in your build contract very carefully.