Browse Forums Building A New House Re: Late completion compensation - $15 a day - is that norma 2Jan 27, 2014 5:08 pm I'd say $15/day is low although some builders only put in $1/day! See http://www.anewhouse.com.au/2012/01/understanding-…idated-damages/ for some more information. The Harder You Try - the Luckier You Get ! Web site http://www.anewhouse.com.au Informative, Amusing, and Opinionated Blog - Over 600 posts on all aspects of building a new house. Re: Late completion compensation - $15 a day - is that norma 3Jan 27, 2014 5:19 pm I asked for $500 a week as liquidated damages. My builder didn't charge me any extra for this ( although some will - to cover their risk ). Build thread: here Land Nov 12, Contract 6/07/13, Consent 15/08/13, Start 20/09/13, Slab 25/09/13, Frame 4/10/13, Brick 21/10/13, Roof 2/11/13, Lock-up 17/12/13, Handover 3/3/14 Re: Late completion compensation - $15 a day - is that norma 4Jan 27, 2014 6:33 pm We got ours increased as the original amount wouldn't have even covered a basic weekly rent. However you may be right saying it may be a moot point as I would imagine most builders would claim all sorts of delays to avoid paying. Re: Late completion compensation - $15 a day - is that norma 5Jan 27, 2014 7:05 pm judydg However you may be right saying it may be a moot point as I would imagine most builders would claim all sorts of delays to avoid paying. In a standard building contract there are very few reasons for a builder to claim an extension of time. For instance a builder is required to allow for the amount of wet weather that could be expected, and can only legally claim if the number of wet days exceed that allowance. That doesn't stop them 'trying it on' with customers who don't know their rights. If you want to understand a bit more follow this link: http://www.anewhouse.com.au/2012/08/con ... ct-period/ The Harder You Try - the Luckier You Get ! Web site http://www.anewhouse.com.au Informative, Amusing, and Opinionated Blog - Over 600 posts on all aspects of building a new house. It's crucial to check your contract and local regulations regarding late completion penalties. If your builder said the permit issuance means no more penalties, you should… 8 9218 4 1712 Yes, get a builder, make sure he is experienced and a registered building practitioner 5 7552 |