Browse Forums Home Finance Re: How do I pay the first progress payment 4Oct 21, 2010 1:14 pm Metricon Riva 33 - http://herlihy-riva.blogspot.com Site start 15/03/2010 - Handover 23/12/2010 9 months and 8 days (284 calendar days) from site start to handover Re: How do I pay the first progress payment 7Nov 16, 2010 12:50 pm The above replies already answer the original question, so rather than double up i'll just agree with them. However, you say the first claim is 15%? Is this the building deposit or does it also include slab/brickwork etc? Just wondering as the builders are only allowed to claim 6.5% maximum under the HBCA 1991 for homes under the value of $500,000 Hi Mofflepop, I would recommend finding a building designer to prepare plans, they should design to your specified budget. The benefit is you can tender the project out… 9 20413 regardless, your contract stipulates a payments schedule and SOPA doesn't give provision to that scenario. Your contractual terms appear to stand. Hence get a lawyer, it… 4 11869 There is no reason why building contract reconciliation cannot be done prior to handover, if the builder won't do it get someone to do it for you. Why would you pay for… 3 6682 |