Contract terms

Commercial terms extracted from a project's contract: payment terms, retention, liquidated damages.

Part of Contracts in the register catalog.

Register ID

contract_termsUse this name to ask for the register. The API calls it a shelf ID.

Each record is

A stateThe current value of something, replaced when it changes.

Status

DeclaredDefined, and fills when a source produces its first record.

Data

OrganisationPrivate to each organisation's own workspace.

Version

v1Current version.

Download JSON SchemaSee an example record

Standards

This register holds records these standards and laws ask for. Holding them does not by itself certify compliance.

• AS 4000General conditions of contractAustralia · Clause 20
• AS 2124General conditions of contract (1992)Australia
• AS 4902General conditions of contract for design and constructAustralia

Connectors

Connected today

Demiton keeps this register current from these systems now.

No system fills this register yet.

On the roadmap

Systems in the planned connector rollout that can fill this register. Partial means the system holds only some of its fields.

• MYOB AcumaticaPartial
• Oracle AconexPartial
• PayappsPartial

Fields

10 fields: 5 required, 5 optional.

Required

Every record carries these fields.

contract_sumNumberUnit: AUD, plain (no $/commas)

Total contract/subcontract price or lump sum. Parser rejects <1000 as a clause-number artefact.

Example: 2850000

practical_completion_dateTextUnit: free text as written (e.g. "11 January 2027", "26 weeks after Date of Contract")

Date for Practical Completion / Date for Completion, verbatim.

Example: 15 December 2026

retention_pctNumberUnit: percent, 0–100 exclusive of 0

Retention/security percentage of the contract price.

Example: 5

securityTextUnit: n/a (form and/or amount)

Form/amount of security, e.g. two unconditional undertakings totalling 5%.

Example: Two unconditional bank guarantees totalling 5% of contrac…

payment_timing_daysWhole numberUnit: days

Contract time for payment of a payment claim.

Example: 15

Optional

Present when the source system records them.

variation_overhead_pctNumberUnit: percent, 0–100

Overheads-and-profit percentage applied to variations.

Example: 10

ld_rateNumberUnit: AUD per day

Liquidated damages rate per calendar day.

Example: 2500

public_liabilityNumberUnit: AUD

Public liability insurance cover amount.

Example: 20000000

professional_indemnityNumberUnit: AUD

Professional indemnity cover amount.

Example: 10000000

defects_liability_monthsWhole numberUnit: months, converted from weeks/years

Defects liability/correction period.

Example: 12

Example record

A sample from Bridgeworks Group, Demiton's demonstration company. The values are illustrative; the shape is exactly what the contract describes.

contract_terms.example.json

{
  "contract_sum": 2850000,
  "defects_liability_months": 12,
  "ld_rate": 2500,
  "payment_timing_days": 15,
  "practical_completion_date": "15 December 2026",
  "professional_indemnity": 10000000,
  "public_liability": 20000000,
  "retention_pct": 5,
  "security": "Two unconditional bank guarantees totalling 5% of contract sum",
  "variation_overhead_pct": 10
}

Use this contract

The contract is a standard JSON Schema (draft 2020-12) document, so any JSON Schema validator can check a record against it. Keywords starting with x-demiton- add Demiton's own meaning, such as units and requiredness, and validators ignore them.

Schema URL

https://docs.demiton.io/registers/contract_terms/v1.json

Show the full JSON Schema

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