ᐅ Completion Date in a General Contractor Agreement – Wording Guide
Created on: 28 May 2019 21:26
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goalkeeper
Hello everyone,
Our general contractor agreement states that the property will be ready for occupancy 10 months after construction starts, with the completion date set at 12 months.
However, we want to phrase this clause so that the property must be ready for occupancy within 2020 under any circumstances, as otherwise we won’t qualify for the homebuyer subsidy. Another issue is that the site development work is still ongoing, but according to the project manager, it should be finished by September. This also needs to be included somehow in the clause.
Can anyone knowledgeable assist here?
Our general contractor agreement states that the property will be ready for occupancy 10 months after construction starts, with the completion date set at 12 months.
However, we want to phrase this clause so that the property must be ready for occupancy within 2020 under any circumstances, as otherwise we won’t qualify for the homebuyer subsidy. Another issue is that the site development work is still ongoing, but according to the project manager, it should be finished by September. This also needs to be included somehow in the clause.
Can anyone knowledgeable assist here?
G
goalkeeper6 Jun 2019 08:27Niloa schrieb:
What happens if the general contractor does not stick to the schedule?In that case, under the building regulations, they must pay compensation for damages such as ongoing rent, any commitment interest, or, for example, legal fees if we need a lawyer to enforce our claims.
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HilfeHilfe6 Jun 2019 09:11goalkeeper schrieb:
Then, according to the Building Code, he must pay compensation for, for example, ongoing rent, any standby interest, or if needed, cover the lawyer’s fees when we require legal assistance to enforce our claims. Which claims? Home construction grant?
G
goalkeeper6 Jun 2019 09:44HilfeHilfe schrieb:
what claims? Child home subsidy?The claims include additional rent, interest on standby loans, and possibly costs for furniture storage. Damage first needs to be identified and then claimed. Ideally, a lawyer handles this. The builder cannot be held liable for the child home subsidy unless a corresponding contractual penalty is agreed upon. However, in our region, no general contractor or construction manager signs such an agreement.