Browse Forums Building A New House Re: HIA Method 1 vs Method 2 - Progress Payments 7Oct 07, 2021 12:11 pm Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: HIA Method 1 vs Method 2 - Progress Payments 8Oct 07, 2021 12:23 pm Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: HIA Method 1 vs Method 2 - Progress Payments 11Oct 07, 2021 1:03 pm LOL, Pay attention, you can't demand the final 10% completion at the fixing stage (20%) ? Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: HIA Method 1 vs Method 2 - Progress Payments 12Oct 07, 2021 1:13 pm StructuralBIMGuy Ask yourself what value do you get at lock up having paid 70% of the cost and the builder keeps coming back every day thereafter for a portion of the remaining 20% LOL indeed. Pay attention BimBoy- this sentence is rubbish if that is truly what you meant to say. Otherwise it should make reference to the fixing or not mention the "remaining" 20% but refer to the "following" 20%. The inference of "remaining" is the residual of the whole. In this case that's 30%. These are your words, not mine. I guess its maths and English you have trouble with. Dark matter scientist, can breathe underwater, mind reader and can freeze matter just by willing it. Trust me, its in my sig. Re: HIA Method 1 vs Method 2 - Progress Payments 13Oct 07, 2021 1:25 pm Bimboy and offsider on site - Bimboy - "can you go fill the remaining bore holes with concrete there matey" Bimboy Jr - "sure boss" 2hrs later Bimboy - "....matey, what have you done...?!" Bimboy Jr - "you told me to fill the remaining bore holes with concrete!" Bimboy - "i meant only 90% of them....." Dark matter scientist, can breathe underwater, mind reader and can freeze matter just by willing it. Trust me, its in my sig. Re: HIA Method 1 vs Method 2 - Progress Payments 14Oct 07, 2021 4:47 pm stanks i think its unlikely Metricon will vary their HIA contract template in the current high demand environment. I suggest reading everything in it and ensure you understand the financial and quality risks that Metricon is using this contract wording for to transfer these risks to you. For example, if the build runs late you will possibly be paying both a new motgage and rent. Can you afford any delays if your inspector identifies defects and you insist these be rectified? Metricon will assume you cannot and act accordingly. Re: HIA Method 1 vs Method 2 - Progress Payments 15Oct 07, 2021 4:53 pm Kippers01 @stanks i think its unlikely Metricon will vary their HIA contract template in the current high demand environment. I suggest reading everything in it and ensure you understand the financial and quality risks that Metricon is using this contract wording to transfer to you. For example if the build runs late you will possibly be paying both a new motgage and rent. Can you afford any delays if your inspector identifies defects and you insist these be rectified? This is what I'm going through at the moment. I already have noted a request for the damages to be lifted to cover our rent. AS long as the damages cover one or the other (mortgage or rent), I'm fine with that. I've also noted to request to bump up the progress payment time from 7 to 14 days. When requesting a payment from the bank, I'm at the mercy of however long they take, which puts me in the position of a possible penalty IF the bank drags their feet and its something I cannot control. Re: HIA Method 1 vs Method 2 - Progress Payments 16Oct 07, 2021 5:14 pm All in all, all the builder has done is populate a few items (ie: the prices) that specifically pertain to our build, into a base HIA contract. Most of what I've understood from reading on here is that many have had a contract reviewed by professionals, yet, the result was usually the same: not much can be changed. Re: HIA Method 1 vs Method 2 - Progress Payments 17Oct 07, 2021 5:14 pm Sounds like you've got the $100 p/w extra rent ( Chicken Feed) cover for delays How about time delays and surprises in starting on site, which are outside the builders control These can incur huge price increases even when the contract has been signed here Footings Cost in hewett Seriously I suggest you get professional advice from someone other than noname and no professional standing (humour) Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: HIA Method 1 vs Method 2 - Progress Payments 18Oct 07, 2021 5:37 pm StructuralBIMGuy Sounds like you've got the $100 p/w extra rent ( Chicken Feed) cover for delays How about time delays and surprises in starting on site, which are outside the builders control These can incur huge price increases even when the contract has been signed here Footings Cost in hewett Seriously I suggest you get professional advice from someone other than noname and no professional standing (humour) We have $250 per week noted. They've noted 314 days (its a 38sql Double Story) including delays. I'm fine with this. I doubt they'd have any surprises when they come onsite. It's a vacant block with a few weeds. It's in the Western Suburbs of Melbourne, so I would expect nothing more than the standard slab to be used with no need for exception footings or the like. This is the 3rd time we're building with a volume builder in the same region. We didn't experience any surprises regarding the site and the start, so I wouldn't expect the same here. Re: HIA Method 1 vs Method 2 - Progress Payments 19Oct 07, 2021 5:40 pm Great have that put into the contract... get the 45day clause removed...if you are that confident Contract lawyer Perth Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs 5 6813 10 12308 You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 16556 |