Met with the agent today. The HIA contract was not amended, but the building spec contract was. Is this sufficient? Or do I need the clause to be put into the HIA contract?
Also, how can I tell whether a house and land package is TRULY fixed price?...
Will there be certain conditions/clauses written in?
Thanks.
Hey just to clarify a couple of things class "H" slab cant be built on every site if the site classification is "H" or below than this is fine.
Yes if its ammended in the specification contract than this is fine as it forms part of the contract. Get them to ammend the site costs section and include what you mentioned in there "Fixed site costs, inclusive of (but not exclusive to): rock removal, soil tests, temporary fencing, drainage pipes, connections, etc."
Im not sure about putting the soil test part in there what are you meaning by this. That you will be paying on top of the contract price for the soil test or is this meaning if the classification is above class "H" then you will be paying for addition foundation requirements? be very careful how its worded.
Everything else in your specification should be fixed price just go over them carefully to make sure everything is included this would be the most important part of the contract "your inclusions".
Hope this helps.
Hey. The exact line written into the "Project Building Specification" was "Fixed site cost included", and another line saying "Including rock removal".
From what you're saying, is this sufficient? I don't need it in the HIA contract as well?
If so, then all is good (site wise).
I'm wary of the fact that prime cost items can increase in price, but the $ increase shouldn't be too much should it?
From what I've told you guys, do you think it's safe to go ahead? (All I need to ask for now is a "subject to finance" clause).
In summary, what I have is:
HIA contract which states the cost of progress payments, etc.
Project building specifications w/ "included fixed site costs" written in.
Should this be enough to cover any mishaps that may arise?
Thanks.