Nov 03, 2016 10:14 pm
I'm building with Metricon. The site work - site fall is $2,000 in schedule 2 in our HIA contracts with 25% margin. Does this mean they can only increase it to $2,500 after the second soil test has completed?
Today Metricon has given me a new variation for $4,000. That is 100% increased from the previous one. Can anyone shed some light on the Margin whether it is capped at 25% or not?
Re: Margin in HIA Contracts2
Nov 04, 2016 5:33 am
As far as I know .. this margin is total profit out of your contract . If your contract is 200 k .. at 25Pc .. builder is making 50 k after deducting all of his costs . Also ,if you decide to pullout from contract .. builder can claim this amount as his loss because of your decesion.
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