May 24, 2017 6:32 pm
Got a hard one - have read over contract and the HIA rules but its just not clear.
We received our FIXING invoice. If we pay this we will only have 10% left to pay.
The plaster, skirting , architraves and cupboards are done as described in fixing stage. The contract also says - basins and baths (which are not done).
Everything looks great and seems to be going really well.
* flooring / carpets
* floor tiles
* wall tiles
* $20,000 air con
* $15,000 septic
* concrete paths and patio
Should we be paying this fixing stage?
If we do, we kind of have $100,000+ worth of items to go in and barely $40,000 to pay.
It concerns us that we would not be covered.
Re: Payment of Stages - 90% paid... so much not done (help!!2
May 24, 2017 7:26 pm
Standard HIA contract really favours builder, wish people would relize this, you could have negotiated fairer stage payments if you had a pre contract inspection by someone qualified, I would still get advice to see where you stand.
Re: Payment of Stages - 90% paid... so much not done (help!!3
May 25, 2017 9:30 am
chrismarshall3 Builders front loading profits on progress payments is precarious
This is where the builders tries to get as much money from you as they can earlier on, it becomes evident
towards the end where
1. Works slows down on site and projects drag on
2. 90% of the contract funds has been used while 30% of the work is still to be done
3. Builder relies on new front loaded projects to finish your job off (these also slow)
4. Builder is hassling you for payments, Subcontractors & Suppliers aren't being paid on time
5. Builder eventually runs out of funds & pyramid collapses
You should have been given a drawdown S-% Curve on the contract price for the various stages and it should have been properly checked by the lending banks....unless the battlers don't borrow much, then some builders use their funds as a cash cows. You better get onto it quickly...Goodluck
OT With the accurate Building Information Modelling (BIM) software that is used today to Design,Engineer, Quantify & Cost projects , Clients & Banks should insist on data & accurate Building Stage Costings (S-curves) from an independent source, proper inspections are a must & don't release funds until the stages have been fully certified, NO EXCUSES,NO DEFECTS, NO PAYMENTS
Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs
https://plus.google.com/u/3/communities ... 1476023758
Re: Payment of Stages - 90% paid... so much not done (help!!4
May 27, 2017 7:53 pm
I was in a similar boat.
If you paid $20000 for aircon remember builder is making profit.
You still have a HIA contract for completion by a specific date.
Before you pay fixing all fixing items in contract should be completed. So sounds like that is basins and baths for you, ? Paint at least most of it. If they push you to pay earlier see a lawyer
Putting some things like flooring in last may be a blessing as careless trades less likely to damage before completion.
Ask for a private inspector to come through for stage completion if you need back up as builder is being pushy.
If you are in Melbourne private message me and I can message you details of someone that might be able to help.
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sweetswisssteelHas anyone ever actually paid advertised price to build.Has anyone ever actually paid advertised price to build.
Of course it's possible. But not likely.
Best WishesAround $ 20 K for base prize extension.Did some paid that AmAround $ 20 K for base prize extension.Did some paid that Am
Hi Please tell me is any one paid huge amount for base price extension to metricon ? OR did they reduced or negotiate base price extension with M Home builder.please reply…