Time to read
2 minutes
icare HBCF have advised that a new version of the Eligibility Manual will come into effect on 1 November 2023.
What has changed?
Key Changes on Eligibility Manual v11.2 include:
- Financial assessments will be conducted on the financial information of the company holding the licence. Assets and liabilities being held within a trust will no longer be included in ANTA calculations
听 - The Open Job Values and Standard Profile Limits issued via the Automated Scorecard Review are being increased
听 - Builders are to submit a contract variation request as soon as they become aware that the contract value exceeds the original contract value by more than 20%
听 - Tier 2 System Reviewed Builders who apply to transition into the Medium Tier are required to have operated in Tier 2 successfully for at least 12 months and utilised 80% of their Tier 2 Open Job Value
听 - Signed building contracts are required to be provided with all project applications
Read the full communication about this from Master Builders Insurance Brokers .