Ive just picked up a copy of the standard EB contract and it has a ridiculous about of $15 per day for L Damages.
$15 a day is certainly not an incentive for EB to complete the contract on time
Has anyone successfully negotiated this amount????
Browse Forums Building A New House Re: $15 a day Liquidated Damages with EB - - Is this negotiable? 2Nov 14, 2009 7:59 am Where you are coming from is where you are going to... Re: $15 a day Liquidated Damages with EB - - Is this negotiable? 7Nov 14, 2009 3:06 pm Blog:http://tamdaz-themajestic.blogspot.com The Majestic - Henley - Adelaide Thread:https://forum.homeone.com.au/viewtopic.php?f=31&t=20635 Day 200 23-4-10 Re: $15 a day Liquidated Damages with EB - - Is this negotiable? 13Nov 15, 2009 12:40 pm mmm....donuts Homer Simpson 1956- Links: Site Costs Ready Reckoner | H1 Addiction Medical Advice | Château TDL: The Backyard Re: $15 a day Liquidated Damages with EB - - Is this negotiable? 15Nov 15, 2009 5:33 pm Blog:http://tamdaz-themajestic.blogspot.com The Majestic - Henley - Adelaide Thread:https://forum.homeone.com.au/viewtopic.php?f=31&t=20635 Day 200 23-4-10 Re: $15 a day Liquidated Damages with EB - - Is this negotiable? 16Nov 15, 2009 6:06 pm mmm....donuts Homer Simpson 1956- Links: Site Costs Ready Reckoner | H1 Addiction Medical Advice | Château TDL: The Backyard Re: $15 a day Liquidated Damages with EB - - Is this negotiable? 19Nov 24, 2009 9:37 am mmm....donuts Homer Simpson 1956- Links: Site Costs Ready Reckoner | H1 Addiction Medical Advice | Château TDL: The Backyard Re: $15 a day Liquidated Damages with EB - - Is this negotiable? 20Nov 24, 2009 9:52 am to_do_list sena You are very lucky. There are quite a few people on this site whose builders were happy to let them go, and they wouldn't budge on certain items, most notably on Liquidated Damages ... your builder must have been running low on new jobs? Nope not luck...and not low on jobs...builders put enough fat into their construction periods to avoid liquidated damages...my argument was that "Liquidated damages isn't going to be an issue unless you go over...and your not going to go over...or are you?"...sometimes you have to call a bluff. And if everyone called their bluff, then they would face a choice of offering reasonable Liquidated Damages or not have new contracts being signed. If everyone received good advice before signing, it would be so much harder for the builders to get away with what they do. I suspect that they prey on those who do not know and are reluctant to pay for legal advice. Certainly, from what I've read, they try to make it as difficult as possible to seek independent advice, including by setting up an appointment with clients to go through the contract with them in order to get them to sign on the spot without having the opportunity to take the contract away for independent advice. Pfiff Finally making progress again, with a clothesline (yippee) and some much needed little things being attended to over the holidays. 40 C on New Year's eve? We love our a/c! It worked for me in getting all non notified rain days removed from the builders claim, although the LDs was only $50/day 7 5890 4 6816 |