Hi,
My daughter and boyfriend yesterday afternoon signed a Quotation Letter of Offer in Ballarat Victoria.
Quotation Page One lists their names and address, Summary of the costs involved and a cost breakdown on the attached pages. Base House, Optional Extras and Total Site Costs listed along with "Total House Price".
From my research this "Quote" is now considered as a Domesitc Builders Contract and therefore very similar to a Building Contract and so this means they have a five day cooling period now, not when plans are draw up. I little confused...
My main concern is that the Quote does not provide details of ;
1. Builders Insurance
2. Start and End date for works
3. How payments will be made to builder ie stages and dates etc
4. Delays allowed for weather..
5. That contractor has accepted that work cannot commence and therefore be completed till their block is titled.
6. I wish to get more info on the Builder too ie references and view some of the homes they have built in the last 1-10 years
They advice I seek is should I spend the cash and send a copy of this document to a Building Lawyer asap? and not wait till the "Building Contract" is drawn up? Sales Rep mentioned that they are not signing building contract today as that contract is 100+ pages... ?
Any advice would be appreciated.
Thank you.
Karen