Browse Forums Building A New House 1 Nov 03, 2016 11:14 pm Hi All, 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 Contracts 2Nov 04, 2016 6:33 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. Alternatively, you can sign a contract with pre-defined known amount you pay to the builder for management and warranties and then you just pay the invoices their provide… 2 5254 MBA and HIA both have sub contract agreements, check them out 2 6021 Industry type domestic contracts are prepared by industry bodies for the benefit of the builders. This means that if you are the owner watch out. One of the points is… 0 2008 |