Managing the building process

Discussion in 'Development' started by BigKev88, 7th Oct, 2019.

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  1. BigKev88

    BigKev88 New Member

    Joined:
    27th Apr, 2019
    Posts:
    2
    Location:
    Sydney
    Hi all

    I am building a property and have engaged a builder. I have a simple question but one that I cannot find the answer to.

    Question: What information should your builder give you prior to, during and after the construction? Obviously the contract but my question is coming from what sort of updates and details should I expect? e.g. how detailed is the quote? how frequent should status updates be and to what detail? etc.

    Any guidance appreciated.
     
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,658
    Location:
    Sydney
    The building contract is a big one in that you need to ensure everything is included there. Anything not included can create variations later on so I think its a good investment in paying for a professional to review and provide feedback on what things to include in the contract. You need to be careful of "builder's range". I personally have a spreadsheet that I use where I have developed over the years to specify each of every item.

    There is also a section on liquidated damages (LD) that you need to look at.

    In terms of the process - this will be dependent on if you are dealing with a project home builder or a private builder.

    Project home builders generally assign a project manager and they are your point of contact - they will give you a rough schedule and keep you posted with the progress of construction. They don't however allow you to come onsite.

    Private builders are a bit more flexible in that they allow to come on site, are a bit more pragmatic with variations, etc however are nt as quick or structured as project home builders.
     
    KateSydney, frank22 and Tufan Chakir like this.
  3. BigKev88

    BigKev88 New Member

    Joined:
    27th Apr, 2019
    Posts:
    2
    Location:
    Sydney
    Thanks for the information!