Renovation + Home Improvement
Dec 16, 2020 2:01 pm
I have a contract from my builder (HIA "Lump Sum Building Contract for Alterations and Additions"). What should I be looking out for in the contract? We don't have a lot of detail yet because we are working to get this in before the end of year deadline for a govt. grant. We know our minimum spend (required to get the grant) and anticipate it going up a bit next year when we have a detailed budget. The builder knows we can't go up by much. Obviously there will be revisions to this contract in the new year. I understand that we can pull out if we're not happy with price rises in the revision stage so that should take the risk out of the equation right?
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