Browse Forums Building A New House Re: Custom Builder Risk Mitigation 2May 10, 2021 10:07 am Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Custom Builder Risk Mitigation 4May 11, 2021 9:53 am Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Custom Builder Risk Mitigation 6May 28, 2021 9:17 pm Hi mixter, Try the VMIA website. It says a trigger event for the domestic insurance policy is the Builder becoming insolvent. Here is a link to the VMIA site that discusses this: https://www.vmia.vic.gov.au/ Also, you can absolutely opt for a custom build with any builder of your choice. Now, to make sure that you're protected from potential insolvency, it might be a good idea to engage a Specialist Construction Lawyer in Melbourne to do a thorough Contract Review of your building contract - whether your contract is standard form or drawn up from scratch. A contract review would ensure that your building contract has safeguards in place, in the event that your builder becomes insolvent. More info here: Construction Contract Review Another option, albeit less common, would be to draft your own building contract, with the help of a Specialist Construction Lawyer. That way, you can include all the provisions you need to manage the risks involved in building projects. Contract drafting is offered by specialist construction lawyers as a matter of course - but they're usually for builders. Contract review may still be the more viable option for you. Hope this helps. Get sound legal advice. We manage Building Disputes, Construction Contracts, Security of Payment. PM for queries. https://www.contractsspecialist.com.au/articles/ 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 20417 Hello, we can help you please get in contact 0421019219 thank you 3 31844 Hi, can anyone recommend a custom home builder who can build in north east area? Looking to build a custom 4-br energy-efficient home with a max budget of 750k. If they… 0 22814 |