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Jersey Consumer Council

Tag: APR

New Construction Regulations & You!

July 26, 2016 Home life, Money Matters No Comments
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 Domestic clients : roles and responsibilities  under the new regulations
A new set of Regulations for the construction industry, the Health and Safety (Management in
Construction) (Jersey) Regulations 2016 (Construction Regulations) come into force in Jersey on
1 October 2016.
These Regulations place legal duties on a number of people involved with a construction project, including clients, to help ensure health and safety is addressed from the very early stages of planning and design, through construction to eventual demolition of a building.
The Regulations make an important distinction between‘domestic clients’ and ‘commercial clients’,who commission construction work as part of a business.
Domestic clients and the Regulations
Domestic clients are exempt from the Regulations but the duties imposed on clients by the Regulations do not disappear – they are passed to other people, usually the designer but if no designer is involved, the contractor in control of the construction work.
What does this mean to the householder having work done on their own home?
Whilst the householder (ie the domestic client) has no legal responsibilities for the work, the
designer or contractor carrying out the work needs to ensure that certain things are done in order
to meet their own legal duties. This includes making sure that:
  • all people involved with the project are competent
  • the risks to health and safety are properly managed
  • sufficient time and resources are available for the work to be carried out safely
  • information about known risks, such as the presence of asbestos materials, is provided to those involved with the project
  • if more than one contractor is involved, one of them is appointed, in writing, as the Principal Contractor, and ensure that a construction phase plan is prepared before work starts.

In addition, if the construction work is going to last more than 30 working days, or involve more than 500 man days (eg 10 operatives working for 50 days) then additional steps must be taken to ensure that:

  • a health and safety project coordinator (HSPC) is appointed in writing certain health and safety related information is provided to the HSPC

 

  • retain and provide access to a health and safety file which is prepared for the project
Making sure the above matters are addressed is likely to incur some financial cost, which should be proportionate to the size and complexity of the project.
The domestic client is therefore likely to see a charge added by the designer, or principal contractor, as relevant, to cover these expenses.
It has been found, however, that paying a little extra at the planning stages helps with the smooth running of the project, with fewer unseen problems and delays, and can save money in the long term.
Can a domestic client refuse to pay for the costs arising from the requirements under the new Construction Regulations?
A domestic client is not legally responsible for discharging the duties imposed on clients under the Regulations and, as such, does not have any legal obligation to pay for any costs incurred in this respect. However, as the designer or contractor is legally obliged to ensure the necessary measures are in place, if the domestic client does not agree to cover the cost, they are unlikely to find any professionals willing to undertake the work on the property -as the designer (or contractor) will effectively have to cover the cost themselves.
It is anticipated that the cost will become a standard part of the fee proposal or quote provided
by the person responsible for ensuring the client’s duties are carried out.
For more information contact:
Health and Safety Inspectorate

Monday to Friday 8.30am – 5pm – Visits by appointment only

Health and Safety Inspectorate
PO Box 55
La Motte Street
St Helier
Jersey
JE4 8PE


Car Finance

November 4, 2015 Money Matters No Comments
car-Finance

Car Finance

A new car is the second most expensive purchase many people make, after their home. So, consider your options carefully before signing on the dotted line.

Research from the motor insurance group Esure shows that nearly a third of buyers do not even haggle over the price of a new vehicle, and only one in 10 spends more than an hour researching finance options. (Daily Telegraph, Sep 2009)

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Money Matters report

November 4, 2015 Consumer Council Reports, Information Leaflets, Reports & Publications No Comments
Money matters report

Money Matters

Three key messages emerged from our survey:

  • We must all take personal responsibility for
    our financial health;
  • We must all research our facts and ask questions to help us make informed decisions and to better understand the bigger picture of what financial health entails – over the short, medium and long term;
  • Most importantly we must NEVER put our head in the sand – financial difficulties escalate not diminish!
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APR – Annual Percentage Rate

October 21, 2015 Money Matters No Comments
types-of-apr

APR – Annual Percentage Rate

Annual Percentage Rate

Everyone has heard of the abbreviated term “APR” but what does it exactly mean? And if we need a loan what are the conditions that we need to adhere to?

APR stands for “the Annual Percentage Rate of charge” and it can be used to compare different credit and loan offers. It is used as a measuring mechanism, which takes into account not just the interest on a loan, but also other charges incurred for borrowing the money (i.e. any arrangement fee).

APR will vary from lender to lender, but in short, the APR tells you how much your borrowing will cost over the course of a year, as a proportion of the amount you have borrowed. So if you are borrowing £100 at an APR of 9%, you will pay £9 in interest and charges over the first year.

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