S

An organisation that has the function of overseeing the development, distribution, sharing and maintenance of Australian technical, business and other standards to provide benchmarks for quality in products, processes, and services.

A Separate Contractor is commonly defined in a construction contract to mean any contractor who is engaged separately by the Principal of the project to perform separate works in parallel to the main contractor

Two main meanings: (a) performance of duties, generally professional duties such as consultancy services. (b) Utilities or features such as mechanical services or power supplies.

A cross debt or cross demand, which entitles a party to offset the debt against the other party's claim. For example, a principal may set off monies in its progress payment if it has rights of set-off against the contractor.

Marking the position of a building or structure on a site, often with pegs placed using surveying equipment or lasers.

In the sale of land, the point at which the contractual obligations are completed by the parties, including payment of the purchase price by the purchaser and the transfer of the property taken by the vendor.

In respect of a construction contract, it includes all work required to be undertaken by the contractor in accordance with the Contract.

A schedule prepared by a party to construction litigation that identifies (usually by way of a table) the Defects that are in dispute between the parties.

Monies advanced to another pursuant to an instrument that confers a right of recourse to property or to a guarantee.

In the construction context, security is generally that given by the Contractor to the Principal to secure the Contractor's performance of its obligations, and can include one or more combinations of cash, retention moneys, bank guarantees and performance bonds.