Where you have had a walk through, is the practical completion payment milestone immediately payable or is it possible to hold back payment until any major issues from the walk through are fixed?
Metricon Liberty 45, Ryde NSW
http://forum.homeone.com.au/viewtopic.php?t=82846
We are in Vic so not sure if it’s the same. Our contract states that builder can issue final invoice when they either get certificate of occupancy or claim they are completed works, if you provide in writing a list of defects (which is what you do at your inspection) it means you don’t have to pay at that stage. Our SS has told us that we just pay at handover - we give him a bank cheque and he gives us keys.
Our ss said the same thing. You don’t have to pay for something that’s not completed. It’s just like anything. You put a deposit down then pay for it once it’s completed.
viewtopic.php?t=86597