Browse Forums Building A New House Re: Building with Wisdom Homes 15871Jul 04, 2020 6:37 am malypetu this should say something like 20% due on completion of external cladding and roofing to Australian standards. Also check your liquidated damages amount carefully and negotiate this. If Wisdom Homes delays your building progress due to tardiness, poor focus, or because they don’t want to rectify some defects this could cost you thousands in extra rent and other costs later. Its a good idea to check Wisdom Homes contracts very carefully. Wisdom have a long history of including the unfair special clauses, as identified and acted upon by the ACCC in late 2018 after a number of customers complained about them. Re: Building with Wisdom Homes 15872Jul 06, 2020 9:12 am Norfolk @malypetu this should say something like 20% due on completion of external cladding and roofing to Australian standards. Also check your liquidated damages amount carefully and negotiate this. If Wisdom Homes delays your building progress due to tardiness, poor focus, or because they don’t want to rectify some defects this could cost you thousands in extra rent and other costs later. Its a good idea to check Wisdom Homes contracts very carefully. Wisdom have a long history of including the unfair special clauses, as identified and acted upon by the ACCC in late 2018 after a number of customers complained about them. Norfolk We've tried to change the $40 day to $80 day seems more close (still not same) as rental per week, we received a reply "Denied" No more than that. I am not sure how you can negotiate with them after they "denied" the request. Re: Building with Wisdom Homes 15873Jul 06, 2020 1:44 pm malypetu clearly Wisdom Homes has no confidence in their capabilities to deliver your new home on time, or to an acceptable standard of workmanship. The number of weeks construction time in their contract is effectively meaningless because they won't commit financially to this with a realistic liquidated damages amount. Their contract transfers the financial risks of construction delays and any defect rectification works driven delays to you with a token liquidated damages amount of $40 per working day (less documented rain days). It should be up to $1,000 per week to reflect your real costs / or income losses. You could ask them to delete any reference to liquidated damages in the contract. In the event of delays this would leave things open for you to claim your full actual substantiated costs at NCAT. (HIA contract liquidated damages clauses serve to 'cap' builders costs and reduce their financial risk) Alternatively, based on Wisdom's track record, you could just assume some delays and budget accordingly for your costs of these, say $15,000 extra. Ask Wisdom Homes to discount their final price by this amount. Ultimately it's up to Wisdom Homes what buyer protection they offer in their contracts, and up to you what you accept. To get Wisdom to realistically negotiate with you they will need to think that you could walk away. In the current depressed environment don't be in any hurry to sign a contract. 2nd tier volume builders like Wisdom Homes were struggling before COVID, and will now be desperate, and more flexible to secure your signature on the contract. Re: Building with Wisdom Homes 15876Jul 06, 2020 8:04 pm malypetu Hi All, I've got a question regarding payments. In the contract state 20% Due on completion of brickwork or external cladding materials However, in the final document (yet to be signed), they've added: 20% Due of Completion of Brickwork. (no roof tiles laid) Is this something I need to worry? or should I ask to remove (no roof tiles laid) ? Cheers I think that's normal or at least what I've noticed on our contract, it also has the (no roof tiles laid). Hope that helps. Re: Building with Wisdom Homes 15877Jul 07, 2020 8:09 am M4bath malypetu Hi All, I've got a question regarding payments. In the contract state 20% Due on completion of brickwork or external cladding materials However, in the final document (yet to be signed), they've added: 20% Due of Completion of Brickwork. (no roof tiles laid) Is this something I need to worry? or should I ask to remove (no roof tiles laid) ? Cheers I think that's normal or at least what I've noticed on our contract, it also has the (no roof tiles laid). Hope that helps. Just to provide information for others. The contract (at least mine) did not have "no roof tiles laid". I've requested to be removed and it was, without issues. In terms of speed, CDC was meant to be ready before Christmas 2019, however, it was issued, after complaining many times, at the end of May. In actual fact, nothing has been done on our site and it is been a year since we start. Re: Building with Wisdom Homes 15879Jul 07, 2020 8:29 am malypetu M4bath malypetu Hi All, I've got a question regarding payments. In the contract state 20% Due on completion of brickwork or external cladding materials However, in the final document (yet to be signed), they've added: 20% Due of Completion of Brickwork. (no roof tiles laid) Is this something I need to worry? or should I ask to remove (no roof tiles laid) ? Cheers I think that's normal or at least what I've noticed on our contract, it also has the (no roof tiles laid). Hope that helps. Just to provide information for others. The contract (at least mine) did not have "no roof tiles laid". I've requested to be removed and it was, without issues. In terms of speed, CDC was meant to be ready before Christmas 2019, however, it was issued, after complaining many times, at the end of May. In actual fact, nothing has been done on our site and it is been a year since we start. It might have those words to indicate that although the frame, roof truss, bricks etc is done or time for payment is not an indication the roof tiles will be done by then. If you have removed it, does that mean it will be done as part of brickwork? Re: Building with Wisdom Homes 15880Jul 07, 2020 8:50 am manhattan52 the standard HIA contract says "lockup, the stage when a house's external wall cladding (brickwork) is installed, eaves lining and roof covering (tiles or steel) is fixed". Why does Wisdom Homes include a special clause i.e."no roof tiles laid" in their contracts to exclude the roof here? Can someone please offer some advice? Im DESPERATE. Because I'm completely and utterly exhausted. How long are variations taking with other companies at the moment? We… 0 18466 In fairness nobody gave a crap about the ACCC and the gag clauses continued in the pro forma templates of a few other builders after the ACCC took on Wisdom, and more… 19 73463 Hi Everyone, I am exploring builder in NSW and received a very tempting quote from Wisdom home for their momentum series. I just want to know experience of building… 0 8234 |