Hi folks,
Just wanted to know some of the tricks that are played so your builder avoids paying any liqudated damages. This doesn't include the obvious ones like rain delays, etc.
* Whenever a progress payment is due, they always wait until a Thursday to mail out the invoice. It arrives in the mail on the Friday. As I have to work I am not able to fax the invoice to the bank until the weekend.
The invoice states "payment within 7 days or delays will be added to the contract". Assuming the bank reads the fax Monday morning, this means they don't receive the invoice until the 4th day out of 7. The bank then takes up to 10 days to process. You can see where I'm going with this.
I even asked them to call / email me a copy of the invoice on the Thursday so I can submit to the bank that day - something they refused to do.
I think this is a ploy to continuely have excuses to extend your contract to save a few bucks. And when your spending hundreds of thousands with them, and the damages are under $50 a day.... I just think it's pitiful.
Any other tricks out there being used???