Browse Forums Building A New House Re: Contracts and Penalty Clauses 3Jun 02, 2021 5:55 pm strannik Some builders have them by default. Something like paying 50 bucks per day or so. With others - you can ask them to put it in, but I'm not sure they will be inclined to agree in the current climate. With all the govt handouts to the industry builders aren't exactly lacking jobs so can afford to be picky. Doesn't hurt to ask though. Worst case they say no, and you're no worse off than you are now. Thanks strannik, we will definitely ask. 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 9189 MBA and HIA both have sub contract agreements, check them out 2 6017 Industry type domestic contracts are prepared by industry bodies for the benefit of the builders. This means that if you are the owner watch out. One of the points is… 0 1999 |