Browse Forums General Discussion 1 Apr 29, 2013 12:23 am Hi, I was hoping someone could answer a contract question for me. We are currently in the middle of a renovation and have decided, (to save costs) not to go ahead with some items that have been listed in the contract. I have asked the builder what sum he has allocated for these items so that we can deduct it from the contract. He has provided me with the sum however he hasn't included the 20% builders margin. So my question is, if the work is no longer being done, do we still need to pay the 20%? Or are we entitled to also have that back? We have a standard HIA renovations contract, but unfortunately I can't seem to find anything in it that can help clarify this for me. Is anyone able to advise or suggest who I can speak to that can answer this for me? Thanks in advance, Tweety Re: Question re builders margin 3Apr 29, 2013 3:06 pm I'm pretty sure you'll find that in your contract it states the builder is allowed to keep the margin he would have made had they supplied the product/item/service. If you signed it, then you agreed to let them have it. Alternatively, you can sign a contract with pre-defined known amount you pay to the builder for management and warranties and then you just pay the invoices their provide… 2 5254 Hi, This is my first post. We are planning to buy new home via House and Land (H&L) Package around Boxhill/Gables/Marsden Park in Syndey. Googled reviews for most of… 0 10488 Very good points. Thanks so much ponzutwo for your advice. Appreciate it. 2 10381 |