Hi, what is the standard Liquidated damage amount and building period for a double storey build per HIA contract?
Our builder has sent us contract today, this is the first contract after accepting consolidated tender.
-Liquidated Damage $1/day
-Building Period: 46 weeks
This builder said it is a HIA standard contract. Are these items standard too??
Another builder we did tender with: their contract had $35/d liquidated damage and 40weeks building period.