Hi There,
We have our selections meeting next week and at the same time were going to sign and give back our building contracts.
I have read of others who have had a liquidated damages clause in their contracts and that they have had luck in including an amount more than the standard clause allows. THe problem I have is that there is no clause for any liquidated damages if the builder goes over the build time. They have allowed for 200 days to complete the build which should hopefully be more than enough but I would like to be covered in case they take longer.
Can anyone suggest either whether it is possible to change the version of the HIA contract to one that has a liquidated damages clause (and if so what version does) or as a special condition what wording I would be best to use to cover me.
Thanks in advance.