Which of the following is a function of principal authorities in building agreements?

The function of principal authorities in building agreements primarily revolves around ensuring compliance with safety standards. This aspect is critical because it guarantees that all construction projects adhere to established guidelines that protect the health, safety, and welfare of the public. Principal authorities are responsible for overseeing that building designs, materials, and construction practices meet the regulatory standards laid out in the Ontario Building Code.

By fulfilling this role, principal authorities play a vital part in the overall safety framework of the construction industry. They conduct inspections, review building plans, and enforce regulations, effectively ensuring that all structures are constructed in a safe manner before they are occupied or used.

Other functions mentioned, such as reviewing and approving building financing, creating uniform construction schedules, or establishing building heights, do not fall under the primary responsibilities of principal authorities with respect to safety and compliance. Financing is typically handled by financial institutions, construction schedules vary by project and are usually managed by builders or project managers, and building height regulations can differ significantly between jurisdictions based on local zoning laws, rather than being uniformly applied by principal authorities.