Browse Forums General Discussion 1 Feb 15, 2009 11:35 pm Hi, another probably noobish question:
Given the current state of the economy, some of the project build companies must be feeling the pressure. I imagine that if the building company tanks, anyone with a build in progress would be quite exposed to the extent of any progress payments they had made, and then be left with a half-completed build with nobody to finish it. How do you deal with this risk, or mitigate it, or insure against it? Do you own the plans from day one with a project builder, so that another builder could conceivably take over the build? What else should I obsess about given the state of the economy? Cheers J Re: builders going under? 2Feb 16, 2009 7:32 am I would say that if a house is started and a builder goes bust, you would be safe, with regard to copyright, completing the house. Demolition August 2009, Construction Started September 2009, Completed December 2010 Re: builders going under? 3Feb 16, 2009 9:09 am After a bit more research, I found that the BSA in QLD offers Home Warranty Protection which seems basically like insurance against your builder going under. If so, that's exactly what I was looking for.
http://www.bsa.qld.gov.au/HomeOwners/Ho ... istme.aspx Does anyone know of any "fine print" with these policies that one needs to be aware of? Cheers James I would never build with Fowler homes. I built with them in 2021 and till date maintenance issues are pending. All their existing trades and businesses don't work with… 14 105129 Hi I am wanting some opinions about the build of a steel shed I am going to get one about 4.5 x 2.5 m steel shed and the height will be about 2.3-2.4m high The one I am… 0 14387 Thanks for the insights, that makes perfect sense, and yeah, I will be leaning on the experience of the excavator operator entirely. 6 16043 |