Construction Settlement Agreement Template for New Zealand

1. Warranties and Guarantees: Include when ongoing warranties or guarantees survive the settlement

2. Insurance: Include when specific insurance arrangements need to be maintained post-settlement

3. Building Consent Compliance: Include when there are outstanding building consent or compliance issues to be resolved

4. Dispute Resolution: Include when specific dispute resolution processes are needed for future issues

5. Third Party Rights: Include when the settlement affects rights of third parties such as subcontractors

6. Publicity: Include when parties need specific terms about public statements regarding the settlement

7. Tax Provisions: Include when there are specific tax implications that need to be addressed

8. Retention of Records: Include when specific requirements exist for maintaining project records

1. Schedule 1 - Payment Schedule: Detailed breakdown of settlement payments, including amounts, dates, and payment methods

2. Schedule 2 - Outstanding Works: Detailed list of any remaining works to be completed, including specifications and timeframes

3. Schedule 3 - Original Contract Documents: List of original contract documents being settled

4. Schedule 4 - Settled Claims: Detailed description of all claims being settled under the agreement

5. Schedule 5 - Release Documents: Forms of release or discharge to be executed

6. Appendix A - Defects List: List of identified defects and agreed remediation approach

7. Appendix B - Compliance Documents: Copies of relevant compliance certificates or documentation

8. Appendix C - As-Built Documentation: Final as-built drawings and specifications if relevant to the settlement