Any builders that do 1 year price hold?

IssyandOzzy · May 14, 2014 8:56 am

Hey guys, I'm negotiating my building contract and someone here told me that some builders do a year price hold.. Does anybody have a builder in WA that have hold prices for up to a year?

Thanks in advance!

Saint Mike · May 14, 2014 9:55 am

IssyandOzzy

Hey guys, I'm negotiating my building contract and someone here told me that some builders do a year price hold.. Does anybody have a builder in WA that have hold prices for up to a year?

Thanks in advance!

It may be an ask and see process - but its asking a lot with 4 - 5 % inflation ...

Unless they add an allowance for such things.

Forg · May 14, 2014 10:15 am

Saint Mike

It may be an ask and see process - but its asking a lot with 4 - 5 % inflation ...

Unless they add an allowance for such things.

... and the allowance is 4 to 5%.

Ours was valid for 6 months, they honoured it even though it was 9 months by the time we signed the contract. However, it's a fairly high amount for a project home, and none of the delay was actually our fault (we always responded to any question or for approval of anything pretty-much the next business day). But if they'd known it would take so long up front, I'd have expected them to include a standard percentage increase.