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GLAR Method

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.

Guaranteed Maximum Price Contract (GMP)

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).

General Conditions

Conditions set out in standard forms of Contract are known as general conditions. Where the parties employ standard forms of general conditions but wish to vary or expand upon these provisions, additional conditions may be included in the Contract which are frequently described as Special Conditions which normally take precedence over general conditions.

General Damages

Damages awarded for non-pecuniary loss or damage.  They comprise past and future losses that are not precisely quantifiable, such as damages for loss of future earnings and for pain and suffering

Geotechnical

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.

Global Claim

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.

Good Faith

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.

Good Industry Practice

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.

Goods and Services Tax (GST)

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.

Green Building

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.

Glossary Term

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