Kensington Residence
27 Kensington Road, South Yarra VIC 3141
Two-storey rear extension and full renovation of an existing period home, including a new kitchen, open-plan living and landscaped courtyard.
Parties
Terms
- Contract date
- 20 Nov 2025
- Retention
- 5%
- Defects liability period
- 6 months from PC
- Practical Completion
- 30 Nov 2026
- GST treatment
- Contract sum includes GST
- Release at PC
- 50%
Retention release rule
5% retained per claim; 50% released at Practical Completion, balance at the end of the Defects Liability Period.
Contract sum
$1,287,000
incl. GST · Lump Sum
Variations executed
+$60,000
6 variations to date
Revised sum
$1,347,000
41% paid
Retention held
$27,614
5% per claim
Practical Completion
30 Nov 2026
172 days remaining
Net paid to date
$552,270
$134,700 in flight
Open variations
4
In progress
Pending approvals
5
Awaiting action
Open items
V-007 Master ensuite vanity upgrade
Awaiting Architect
V-008 Master ensuite tapware allowance adjustment
Awaiting Architect
V-009 Driveway exposed aggregate finish
Awaiting Owner
PC-005 Submitted
Awaiting Architect
Recent activity
15 Apr
V-006 executed — Additional GPOs to media room (+$1,800)
Owner signature
14 Apr
PC-004 paid in full ($156,252 net)
Owner
2 Apr
V-005 executed — Asbestos remediation in wall cavity (+$9,200, +3 days)
Owner signature
13 Mar
PC-003 paid in full ($169,722 net)
Owner
Documents
Executed Contract.pdf
2.3 MB · 20 Nov 2025 · Owner & Builder
Annexure A — Special Conditions.pdf
476 KB · 20 Nov 2025 · Architect
Schedule of Values v1.xlsx
87 KB · 20 Nov 2025 · Builder
Variation V-005 — Asbestos remediation.pdf
680 KB · 2 Apr 2026 · Owner signed
Progress claim PC-004.pdf
540 KB · 14 Apr 2026 · Owner paid
Notice — Extension of time EOT-002.pdf
320 KB · 15 Apr 2026 · Builder issued
Variation V-006 — Media room GPOs.pdf
210 KB · 15 Apr 2026 · Owner signed