Browse Forums Building A New House Re: Simonds Homes Buildng Margin - Paying too much? 4Jun 28, 2010 5:16 pm Adam.M They must have changed their tactics because they don't charge you 33% not more but only 30%. The double handling invoice is calculated as follows: The pre GST figure ($511.36) is divided by 0.75 = $681.81. Then add the GST ($51.14) back onto this total which gives the final figure of $733. This is the formula we have been given to calculate builders margin. If you add 25%, this is mark up, not margin. I have even looked up the meanings of margin and mark up on the net. Another aspect of building that the builders manage to screw you over. Yes, I agree If you divide a number by 0.75, it gives you 25% margin or 33% mark-up. I would have said that Simonds got it right and the HIA got it wrong - margin is margin. Do remember that it is Simonds (or any builder) who must administer the job and guarantee the work. Ed "ECOECO" At 'EcoEco', we design windows, we design the best windows, we do it for you, so that when you’re happy we are happy. Tel. 1800 326 326 It will be neat but you won't have much freeboard. At least they are not weep holes. Are you in a high intensity rainfall region? The regulatory slope is only required… 3 8284 Firstly, if your house is still under builder's warranty (10 years in Victoria) you should have no need to crawl into roof space but let the builder handle it, unless you… 3 5646 Not sure if that works? I was told the issue is the headspace clearance requirement on step 4. My builder is proposing shifting the beam 310mm towards the kitchen...I'm… 2 2660 |