Browse Forums Building A New House 1 Mar 16, 2009 10:09 am Land Settled 27/04/09. Site Started 30/4/09. Slab poured 21/5/09. Frame up 27/5/09. Building thread : viewtopic.php?f=31&t=15699 Re: HIA contract ... should we use a solicitor? 3Mar 16, 2009 11:38 am Land Settled 27/04/09. Site Started 30/4/09. Slab poured 21/5/09. Frame up 27/5/09. Building thread : viewtopic.php?f=31&t=15699 Re: HIA contract ... should we use a solicitor? 9Mar 17, 2009 7:07 am 'A bottle of wine contains more philosophy than all the books in the world.' Louis Pasteur Vegie garden: viewtopic.php?f=19&t=27637&start=0 My Backyard Adventure Re: HIA contract ... should we use a solicitor? 13Mar 29, 2009 6:47 am We are on a Master Builders Association (MBA) contract and didn't get a solicitor to review it before we signed because we felt relatively comfortable with it, even through we knew full well that the conditions are always in favor of the builder. Instead got advice from a Quantity Surveyor and two sections I would pay close attention to are Liquidated Damaged and Builders Margin. Always specify a cost per week in the liquidated damages section no matter what he builder says, most builds run late so this is the only real penalty you can impose on the builder and encouraging them to get move on. Specify a figure at least equal to or above the average cost to rent in the area you are building. Variations will happen during your build and they can quickly add up, if you have many of them you will start to get pretty peeved off knowing that builders take a healthy slice (in many cases for doing nothing more than quoting). Typical builders margins range between 10% - 25%, you can negotiate this or even better specify tiers. For example any variation under $2,000 incurs 20% margin, between $2000 and $10,000 incurs 15% and anything over this is 10%. You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 16455 10 12210 Unless there is something in special conditions the builder does not have to give you timeline. If your demolition contractor has not removed Asbestos and it was found… 12 28689 |