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NEW EXTENSION

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  • 02-02-2013 12:21pm
    #1
    vietnam5
    Registered Users Posts: 62 ✭✭


    THINKING OF GETTING A EXTENSION BUILT OUT THE BACK.
    IT WILL BE A TWO STOREY JOB.JUST STARTED THE RESEARCH INTO IT
    AND WANT TO BE AS INFORMED AS I CAN BEFORE I GET A BUILDER OR
    ARCHITECT.ITS REALLY ON THE MONEY SIDE OF THINGS I NEED HELP.
    WHAT WILL THE BUILDER BE LOOKING FOR UP FRONT IF ANYTHING.
    WHAT WAY DO THE PAYMENTS WORK AFTER THAT.DO I HOLD BACK ANY
    MONEY AT THE END FOR A PERIOD OF TIME.WHAT ABOUT EXTRA"S.
    ANY HELP


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    #2
    BryanF
    Moderators, Home & Garden Moderators Posts: 10,140 Mod ✭✭✭✭BryanF


    vietnam5 wrote: »
    THINKING OF GETTING A EXTENSION BUILT OUT THE BACK.
    IT WILL BE A TWO STOREY JOB.JUST STARTED THE RESEARCH INTO IT
    AND WANT TO BE AS INFORMED AS I CAN BEFORE I GET A BUILDER OR
    ARCHITECT.ITS REALLY ON THE MONEY SIDE OF THINGS I NEED HELP.
    WHAT WILL THE BUILDER BE LOOKING FOR UP FRONT IF ANYTHING.
    WHAT WAY DO THE PAYMENTS WORK AFTER THAT.DO I HOLD BACK ANY
    MONEY AT THE END FOR A PERIOD OF TIME.WHAT ABOUT EXTRA"S.
    ANY HELP
    Nothing should be given up front .

    Stage payments (2 or 3) or fortnightly payments where schedule of works matches payment schedule.

    5-6% held back with 3% returned on partitical completion (end of job) and the other 3% held for defect liability period of 12months extras will be checked by your architect an agreed with you prior to implementation.


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    #3
    scwazrh
    Registered Users Posts: 2,681 ✭✭✭scwazrh


    Would agree completely with nothing up front and stage payments but expecting a builder to agree to 3% retention for a year , I think is unfair.My company gives a 5% retention for 30 days and a warranty for 12months on some items and 5yr on others.Majority of builders are operating on 15-20% mark up at the moment so leaving 3% for a year would be a massive ask.

    The most important is to monitor the work and don't pay for anything not done. This is fairly easy if you have a detailed quote.


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