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[Music] [Applause] [Music] [Applause] [Music] hi my name is Lois OBrien Ive created this five minute guide series to property development contracts to help those who want to develop property be it a small renovation or a large unit development to avoid common mistakes and do it better I believe that the ideas will offer you here will help you avoid a nasty car crash and help you maximize the profits from your next development for those about to sign a building contract Louis Howe Brian and associates can help with a contract review or even just a set of special conditions to get you started in this five minute guide were going to look at the two most common building contracts in Victorian the housing industry Association standard domestic contract and the Master Builders Association standard domestic contract lets look at five key issues that will help ensure that your next building project is successful the first thing to be conscious of is that these standard contracts were prepa