Episode 12 - Timeframes, delays and price increases
Welcome to episode 12 of The Enthusiast Lab,
In today's episode we have a special guest – Matt Bouse the General Manager from La Vida Homes. We deep dive into the the three most common talked about topics in today’s building industry: Timeframes, delays and price increases
Today we explained what timeframes are and the timeframe guarantees in the administration phase as well as the construction phase, with a deeper look into the timeframe guarantee clauses.
Next we discussed the different types of delays that can occur during the administration phase, construction phase or both.
Lastly we had a chat about what a price increase is and why the have occurred in the past, especially during the building boom in Western Australia.
As a little reminder: a price increase is not the same price variation due to changes made by a client (like at pre-start). And if a builder has good margins and has planned well enough in advance, they shouldn’t need to pass on a price increase to the client.
Matt will be back for another episode in the future, so if you would like him to answer any questions, please send everything through to nik@mrenthusiast.net.au and we will ask him all those hard hitting questions!
That's it for today's episode!
We hope you found this topic helpful and helps you make a more educated decision on when you start looking into building.
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