Browse Forums Building A New House Re: Final Invoice - Any suggestions? 3Feb 01, 2010 10:17 pm Candylea I'm pretty sure that because the bank (if you have one) needs to have the final amount as what is in your contract, the builder will send out the invoice to pay with that amount on it. I dont think this is true, not how ours worked. Through good fortune we had a substancial credit back to us during our build. The final invoice had this variation shown on it, and the total money to be paid to the builder was less than the contract amount. No problems with having the final invoice paid through our lender. Might work slightly different with prov. sums. but the same principles should apply. From what I understand, whatever the amount is on the final invoice is what needs to be paid, you cannot instruct only part payment. This has to be right before you forward it onto your lender. There is no rule that states this cannot be less than what was in the original contract. I would expect your builder to make the nessesary adjustments prior to sending the invoice. Re: Final Invoice - Any suggestions? 4Feb 01, 2010 11:55 pm For my builder, what I said previously happens. I know because I work in the accounts department. It may happen differently in different builders. In the end, it all checks out. Built with New Generation (Summit Homes) We own land!... with a slab on it! Plus a shell of a house with stuff inside ! Hi, I am approaching end of the build. My final invoice will be given to me soon to pay. Some context before I ask my question. 1. My builder wont do the landscaping or… 0 3912 i would suggest nothing is unreasonable for PCI. we did all sorts, including checking the hot water, checking all the GPO's had power, testing that the showers were… 9 98794 regardless, your contract stipulates a payments schedule and SOPA doesn't give provision to that scenario. Your contractual terms appear to stand. Hence get a lawyer, it… 4 11979 |