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Strata Building Bond Scheme

  • MichealH Alexander
    • 2091 posts
     
    May 29, 2022 6:03 AM EEST

    We act as independent inspectors on behalf of developers to complete mandatory defect inspection reports under the Strata Building Bond & Inspection Scheme (SBBIS). Under the scheme, developers are required to pay NSW Fair Trading a building bond that is equal to 2% of the cost of the development. This money is set aside to fund the cost of defect repairs.

     

    Strata Building Bond Scheme