Browse Forums Building A New House Re: Deterring progressive payment untill all faults are fixed 2Nov 14, 2007 5:47 pm Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Deterring progressive payment untill all faults are fixed 5Nov 14, 2007 9:15 pm I think you mean defer? Re: Deterring progressive payment untill all faults are fixed 6Nov 14, 2007 9:22 pm parker I think you mean defer? Or substitute 'with-hold' Note: You are asking folk what may actually be a LEGAL question. Perhaps you should seek LEGAL ADVICE before proceeding. Not trying to DETER you! Good luck with it! Ash. Re: Deterring progressive payment untill all faults are fixed 7Nov 14, 2007 9:40 pm The banks can with hold payment until the stage meets specifications. You need to remember that banks need to make sure that they can get their money back if needed. Theefore they have a vrested interest in ensuring that the house is correctly built. Our friend's bank withheld payment for final stage as the aluminium alfresco doors ordered were delayed, and temporary slidng doors were put in place. . It wasnt until the bank had a letter of undertaking from the builder that they released funds. Adrian B regardless, your contract stipulates a payments schedule and SOPA doesn't give provision to that scenario. Your contractual terms appear to stand. Hence get a lawyer, it… 4 11939 There is no reason why building contract reconciliation cannot be done prior to handover, if the builder won't do it get someone to do it for you. Why would you pay for… 3 6725 Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 18041 |