Does the CBA do commencement letters and if so do they get send to the builder and not us.
I called our broker today to advise we had the first progress payment due and he asked if we had the commencement letter.
I said no and he was going to chase up the bank.
Our documentation doesnt say anything about a commencement letter, just what we need to provide prior to the first payment. ie insurance and public liability cover.
Any other CBA's out there?