Browse Forums General Discussion 1 Apr 21, 2009 10:11 pm Hey Guys Just a quick question, at the moment waiting for contract to be drawn up. Once you sign the contract is that when you hand over the 5% deposit ? Or do they gave you a few weeks after signing? Or do I have that wrong? Thanks Naytara Re: build contract and deposit 2Apr 22, 2009 12:44 am With PD and choice they've got some arrangement where we pay $2500 at contract signing instead of the 5% However if you don't have the agreement, the Victorian HIA new homes contract states at contract signing you're required to pay 5% of your total building costs at contract signing as your deposit. ---------------------------------------- Building the PD Lisbon 24 http://www.porterdavis.com.au/#homeviewer/lisbon/24 Blog of our progress. http://lisbon24.blogspot.com/ Homeone build thread https://forum.homeone.com.au/viewtopic.php?f=31&t=28665 Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 17581 You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 16548 In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4821 |