Browse Forums Building A New House 1 Jun 14, 2016 12:37 am I am reviewing my builder contact. In the contract, it indicates that Time of Completion will take 350 days. Is that a standard? Also, the Damages for Late Completion was set at $250 pw. While Damages for Delays set at $350 pw. Should'nt it be at the very least the same? 250 pw is not enough to even cover rental for a family size home. Is it common to negotiate this section? Re: HIA building contract 2Jun 14, 2016 12:51 am miscbunch I am reviewing my builder contact. In the contract, it indicates that Time of Completion will take 350 days. Is that a standard? Also, the Damages for Late Completion was set at $250 pw. While Damages for Delays set at $350 pw. Should'nt it be at the very least the same? 250 pw is not enough to even cover rental for a family size home. Is it common to negotiate this section? Our contract for a 2 story house is 200 days, 350 sounds excessive. Our builder also pays $50 a day for late completion. some builders pay the legal minimum which is $1. Good luck trying to negotiate higher liquidated damages, I can't see the builder agreeing though. Villina Lane 11/14 $3900 08/15 Contract 11/15 DA Approval 02/16 Demolition 03/16 Peg out 06/16 Slab 06/16 Ground floor frame 07/16 1st floor frame & windows 09-12/16 Bricks blog Re: HIA building contract 3Jun 14, 2016 8:44 am We are builiding single story through a volume builder and our contract is 270 days but they say it should take 5-6 months everything going normal. I think 350 is excessive, it shouldnt take a whole year to build a house. Re: HIA building contract 4Jun 14, 2016 11:51 am Mine volume builder and its 260days and 250wk any delays mind u they don't count holidays. Re: HIA building contract 5Jun 14, 2016 3:53 pm Thanks all for your feedback. To put some context into it. I am doing a custom build. Well part of it. Its a double storey(existing design) with additional extension(custom). Do you think I should negotiate the 350 days to be reduce? You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 12041 10 9787 Unless there is something in special conditions the builder does not have to give you timeline. If your demolition contractor has not removed Asbestos and it was found… 12 22631 |