Browse Forums Building A New House 1 Dec 08, 2015 5:24 pm hi guys, my builder is late to do the handover due to some building notice(builder's fault, not mine) issued during the construction. There is a penalty rate specified in hia contract. but my bank broker told me that we have to ask the bank to release all the payment as defined in the hia payment schedule, otherwize it may cause us some issue. my questions are: 1. In such case, it looks like it is useless to specify such clause in the hia? how do I protect my rights? 2. What if I refuse to pay and change to another builder to finish remaining work? What is the chance of that? It's crucial to check your contract and local regulations regarding late completion penalties. If your builder said the permit issuance means no more penalties, you should… 8 10710 Hi, My home construction is complete, and the handover is scheduled next week. However the construction has been delayed and I have raised this to the builder. The… 0 5293 1 7893 |