Browse Forums Building A New House Re: 60%refund of deposit after HIA contract signed 21Feb 19, 2018 8:49 am Nikl Unfortunately a finance clause doesn't account for any money the builder has spent ie Time, Wages & Resources you will have to pay for these. The builder will need to give you an itemised account goodluck Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: 60%refund of deposit after HIA contract signed 22Feb 19, 2018 9:05 am You can use the finance clause to terminate the contract. I did this on my first build contract. There was also a little bit extra we had to pay above the 2K deposit already paid. Not much more another $600 for costs incurred. I thought this was fair and reasonable. However, you can asked for itemised costs incurred to date. I think with my case was I was going to do another Contract with them straight away and only wanted to clear off the old contract. How much deposit did you pay? 5% of the contract? You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 16556 10 12308 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 28800 |