G

The method of measurement for gross lettable area of a space (usually a retail space) prescribed by the Property Council of Australia Method of Measurement dated 1 July 2008.

A contract which caps the Contractor’s entitlement to payment at a maximum price, subject only to legitimate increases, such as authorised changes to the employer’s outline or basic Design requirements. Under GMP Contracts, Principals have considerable certainty over what the final maximum cost of a project will be, and there is generally a provision for the distribution of any additional profit achieved through the cost saving measures (which would benefit the Contractor if the costs were lower than anticipated).

Scientific methods and engineering principles used to resolve engineering problems involving materials of the earth's crust. Geotechnics encompasses soil mechanics, rock mechanics, geology, geophysics, hydrology and related sciences.

A claim made by a contractor which rolls up or incorporates a number of individual claims on the basis that they are indivisible.  Such claims are highly susceptible to challenge.

An obligation in a Contract to act with honest intent and not to act intentionally or capriciously in a manner likely to cause another party to be deprived of a benefit the other party would otherwise have obtained under the Contract, or which takes an unfair advantage over another party.

That degree of skill, care, prudence and foresight and existing practice which should reasonably and ordinarily be expected from time to time of a skilled and experienced contractor, engaged in the same type of workmanship as that of the contractor under the same or similar circumstances.

Any goods and services tax, value added tax, consumption tax or similar transaction tax including, but not limited to amounts payable in accordance with the A New Tax System (Goods and Services Tax) Act 1999 (Cth) and any associated legislation, payable in respect of the sale or other supply of products.

A building with an ecologically sustainable focus which is designed and built with energy and water efficiency in mind, as well as minimising any adverse impact on its inhabitants and the environment.

A national, not-for-profit organisation, that is committed to developing a sustainable property industry for Australia by encouraging the adoption of green building practices through market-based solutions. See Green Star.

Land which is previously undeveloped considered for commercial developments or industrial projects. (Contrast with Brownfield Site)