Building A New House
Re: Building Contract VIC - (HIA + Special Conditions)2
May 15, 2019 4:12 pm
have got a building contract to review – will be signing sometime next month. Its a fair bit of reading...
any clues – guidelines what to specifically review... or what to look for?
Check the special conditions, especially look for things relating to progress payments, fees for changes to the plans, price increases, your ability to have inspections done, delays, breaches of contract, dispute resolution, notification of issues.
Re: Building Contract VIC - (HIA + Special Conditions)4
May 15, 2019 6:40 pm
Also check for cost cutting inferior "Performance Solutions", inadequate liquidated damages and unfair contract conditions. Also do what Joker suggested.
3 in 1 Supadiverta. 0.75mm filter. No downpipes diverted. Can delete overflow pipe. Cleaner Neater Cheaper
Supa Gutter Pumper. An inexpensive gutter overflow solution.
Re: Building Contract VIC - (HIA + Special Conditions)5
May 16, 2019 8:20 am
Be aware of your own costs like rent and interest of any delays and compare these to the liquidated damages per working day in the building contract. If you ask the builder to correct defects identified during the build they can use any imbalance in such costs to pressure you to accept poor workmanship etc. In my case Metricons liquidated damages was $30 per working day but my actual costs of delay were about $300 per calendar day. Something to consider before you sign, particularly with volume builders like Metricon who are not effectively resourced nor motivated enough to check their contractors workmanship. In the end my extra costs for Metricon’s promised 42 week build that was delayed to handover after 85 weeks after major defects were identified by Housespect and NSWDFT was about $80,000. Take care!
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JokerNeed advice on building by breaching contractNeed advice on building by breaching contract
Another forum member who also built the prestige Bristol back in 2016, base price was 360,000 as in their thread, ended up costing 550,000, odd, so you almost certainly…