Final Invoice - Any suggestions?
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I have had a few provisional amounts applied in the contract which are:
- $1000 for Rock Excavation.
- $650 for Rock Removal
- $2200 (double handling due to restrictive access to the site).
The double handling was to be charged if the adjacent block was being built.
If it stayed vacant (as it is now), the builder could use that for moving the stuff around to my block & I wouldnt have to pay for it.
Also, I haven't been told about the amount of rock found.
The question is - would the builder deduct this amount and make adjustments to the final total before sending the invoice or would I be expected to dispute this.
I am just a bit confused.
All suggestions appreciated.
If you disagree with any of the provisional amounts, ask for invoice copies to verify how much it came to.
I'm pretty sure that because the bank (if you have one) needs to have the final amount as what is in your contract, the builder will send out the invoice to pay with that amount on it.
I dont think this is true, not how ours worked. Through good fortune we had a substancial credit back to us during our build. The final invoice had this variation shown on it, and the total money to be paid to the builder was less than the contract amount. No problems with having the final invoice paid through our lender.
Might work slightly different with prov. sums. but the same principles should apply.
From what I understand, whatever the amount is on the final invoice is what needs to be paid, you cannot instruct only part payment. This has to be right before you forward it onto your lender. There is no rule that states this cannot be less than what was in the original contract. I would expect your builder to make the nessesary adjustments prior to sending the invoice.
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