Browse Forums Building A New House 1 Sep 18, 2020 3:29 pm We are building a new house in Victoria and our builder is using the standard HIA contract with payments being made under method 1 as the percentages specified under S40of the Domestic Building Act. The contract has special conditions which varies the definition of "Lock up stage" and "fixing stage" so that some of the works normally included under the lock up stage are included in the "fixing" stage. So effectively we are paying the percentages specified under method 1 but not all work is included at Lock up stage as per the standard definition. Just wondering whether this clause is legal. Also whether home owner warranty insurance would cover us for the work deferred to the next stage if if for some reason the builder could not finish the work after the lock up stage. You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 16455 Been in a similar position and we decided to let the builder go. Some of the PSA money goes to engineering so we at least got those documents and they actually refunded us… 2 6014 It seems very clear to me that your contract states that a security account does NOT need to be established so the answer to the builder is NO. If in doubt find a contract… 1 8473 |