FROM NZCB —
Helpful tips when applying for the Halo Guarantee We’ve put together some helpful tips to ensure your Halo Guarantee application goes smoothly from start to finish. Halo Application
Halo Guarantee checklist
• Even though you may not have all the information at the early stages, the expectation is that the Halo 10-Year Residential Guarantee is applied for before Building Work commences.
Below is a handy checklist for builders to use and tick when complete. The Halo Checklist can be found on page 11 of the Halo Guarantee Members Only Handbook.
• If you are using a Cost and Margin Contract, HGL still requires an Estimate Build Price. As part of the Practical Completion form HGL will request the Final Contract Price and any differences between the Contract Price and the Completion Price are either credited or invoiced. • For Labour Only Contracts, the Halo 10-Year Residential Guarantee will only cover Labour as per the contract. • If you are not using the NZCB members’ only Toolshed to complete your Building Contract, then you must submit a manual Halo Guarantee Application form. Please note: Because a little more information is required for manual applications you must also submit a copy of the full signed Building Contract, along with the signed Halo Guarantee Application form.
1. Provide the homeowner with your Disclosure Statement and attach the Halo 10-Year Residential Guarantee Homeowner Handbook. 2. Complete the application process as detailed on page 5 (note: application should be signed by the homeowner when they are signing the building contract. If using the NZCB online Building Contracts your Halo Guarantee application will automatically go through.
If you are building a Spec Home or Builder’s Own Home then you must apply for a Halo 10-Year Residential Guarantee before Building Works commence by completing a Halo Guarantee Application form. As you are unlikely to have a Building Contract in place, complete the manual Halo Guarantee Application Form from the NZCB members’ only Toolshed with as much information as you can. Once Halo Guarantees Limited (HGL) receives this application, HGL will be in touch for further information normally found on the Building Contract. By law, HGL are unable to issue a Halo Guarantee for Spec Homes/Builders Own Homes until the end purchaser is known so at this stage, we will issue you a pre-approval letter which you can use as a marketing tool for the promotion of your property. As soon as you have the details of the end purchaser, please submit an updated Halo Guarantee Application form with this information and we can proceed with issuing the Halo 10-Year Residential Guarantee. Please note, the start date of the Halo Guarantee is still linked to the Completion Date, not the change of ownership date.
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Date fee paid to Halo Guarantees Limited:
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4. Ensure all variations to the building contract are agreed upon in writing between yourself (the builder) and the homeowner so that they are covered by the Halo 10-Year Residential Guarantee (note: any variations more than 10% of the contract sum insured up to a maximum of $500,000 will need to be referred to Halo Guarantees Limited). 5. Remind the homeowner to return the Completion Certificate to Halo Guarantees Limited once the contracted work has been finished. 6. Estimated date of completion for the building works as per the building contract:
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7. Halo 10-Year Residential Building Guarantee – estimated start date 120 days after the estimated date of completion for the building works as per the building contract: / /2021
Your Halo 10-Year Residential Guarantee is administered by Halo Guarantees Limited, a company owned 100% by New Zealand Certified Builders Association. All Halo Guarantee documentation can be found on the NZCB members’ only Toolshed. If you have any questions please contact Rose-Anne or Gabby on 0800 141 490 or applications@halo.co.nz.
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3. Pay the fee to Halo Guarantees Limited (due 14 days after invoice is issued).
Spec Home Process
Date application emailed to Halo Guarantees Limited:
