Browse Forums Building A New House Re: New Breeze Bardia 8Oct 12, 2018 2:49 pm Hi Guys, My bank is asking for "uilder’s contracts work insurance" before releasing the consturction commencement letter. But my builders isnt ready to pay, he said that this insurance is not part of our building contract and the customer has to pay. Any insight here would be much helpful. Shisir Re: New Breeze Bardia 10Oct 15, 2018 12:40 pm regmiboyer Hi Guys, My bank is asking for "uilder’s contracts work insurance" before releasing the consturction commencement letter. But my builders isnt ready to pay, he said that this insurance is not part of our building contract and the customer has to pay. Any insight here would be much helpful. Shisir The builder is legally required to have the insurance where the contract value is more than $20k. The builders do this all the time (obtain insurance). I am really surprised why your builder is refusing to obtain and provide that insurance. There is no way that you should be paying for his insurance. Re: New Breeze Bardia 11Oct 15, 2018 2:13 pm regmiboyer Hi Guys, My bank is asking for "uilder’s contracts work insurance" before releasing the consturction commencement letter. But my builders isnt ready to pay, he said that this insurance is not part of our building contract and the customer has to pay. Any insight here would be much helpful. Shisir Who is your builder? Re: New Breeze Bardia 15Oct 18, 2018 8:51 pm regmiboyer Hi Guys, My bank is asking for "uilder’s contracts work insurance" before releasing the consturction commencement letter. But my builders isnt ready to pay, he said that this insurance is not part of our building contract and the customer has to pay. Any insight here would be much helpful. Shisir If you choose design from a builder, normally, its builder job to pay for the insurance. I never heard you have to pay it yourself. You will only pay your own insurance if you manage everything yourself. Building Wentworth 33 CDC lodged to Council : 22 June 2018 Site excavation 31 July 2018 Slab 08 Aug 2018 Frame 22 Aug 2018 Roof 10 Sep 2018 Brick 24 Sep 2018 A person needs to be licensed to offer financial advice. Surely the accountant you use would have been chosen for his/her expertise in this field. Have you asked your… 1 6720 Is there a building permit? RU in Victoria? What is the value of the building contract? 1 6807 |