Browse Forums Building A New House Re: BUILDING CONTRACT ENDED... AND STILL NO HANDOVER 15Mar 13, 2008 8:28 pm Sounds about right. You'd think that if the builder has spend the money to almost complete a house and just has to finalise a few things to get 12%, they would be fast tracking everything. Demolition August 2009, Construction Started September 2009, Completed December 2010 Re: BUILDING CONTRACT ENDED... AND STILL NO HANDOVER 16Mar 13, 2008 10:39 pm I disagree Casa.
They would have already covered their costs in the previous payments, and the final payment would be made up of mostly or all profit on the project. If they builders aren't making more than 12% profit in building a house then there is something wrong. Re: BUILDING CONTRACT ENDED... AND STILL NO HANDOVER 17Mar 14, 2008 8:23 am I agree with blackmax, builders always say that they do the work first and only ask for payment after each stage is completed.
But in my opinion, after the first few stages, they should already have received enough payment to cover their cost. The rest is actually: we pay before they start.. Re: BUILDING CONTRACT ENDED... AND STILL NO HANDOVER 18Mar 14, 2008 9:52 am aliand... gosh that's a long time to be waiting.... i hope we don't have the same problem....
i would be screaming if we do! It's just ridiculous!!! The builders just don't seem to care these days! You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 16557 I've decided, after a period of confusion (my building broker told me it's probably not worth it to use a lawyer, but others have said it is a must) that I definitely will… 7 27953 |