ᐅ House Photos Discussion Corner – Share Your Home Pictures!

Slava_S schrieb:
This is how it looks in most of my construction contracts, so I thought it was the "standard" for individual trade contracts. If I understand correctly, it is a security amount for me that the contractor only receives once everything is completed. Maybe someone can explain it better.

Interesting. I researched it earlier as well. And you find trades that accept something like that? Every single trade is located within a 15-20km (9-12 miles) radius, and if something goes wrong, it will be fixed. At the moment, I don’t have to chase anyone; everyone arrives on time as agreed and delivers without any defects by the specified deadline. So, I’m not worried, and if a trade goes bankrupt, then that’s just how it is. You can’t change that anyway.
What matters to me is that the work is done well and correctly now. That’s what the money is for. The warranty is an added bonus for me.

Once again, congratulations to @Koempy on reaching 5,000 posts in the thread he started!

I wonder if my "nonsense" will ever reach that milestone too?

---

https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/

Small update:

The kitchen is finally installed. Tomorrow the bathrooms will be finished, the painter/floor installer will come through again on Friday, and next week we will finally move in.

Slava_S schrieb:

That's intense – you’re using individual trade contracts with penalty clauses and retainage. I’ve only seen that with general contractors or construction managers, however they’re called.
We had something similar with our shell construction company, but not with any of the other trades. They were paid progress payments based on completed work, and that was it. It also worked well without much delay. If there had been poor workmanship, payment simply wouldn’t have been made until the issue was fixed.

Zaba12 schrieb:
And you can find tradespeople who accept something like that?

Müllerin schrieb:
You do separate contracts for each trade with penalty clauses and withholding.

Now I almost feel bad about the craftsmen.
Out of curiosity, I checked again: shell construction, roof, windows, electrical, heating, plumbing, ventilation, interior doors, plastering—I couldn’t find any of those right away, all with the same clause. Our architect apparently always includes it, let’s see how it turns out in the final settlement.

Slava_S schrieb:
Now I’m starting to feel a bit guilty about the tradespeople.
Out of curiosity, I checked again—structural work, roof, windows, electrical, heating, plumbing, ventilation, interior doors, plaster—I didn’t find any of these at first glance, all with the same clause. Our architect seems to always include this, so we’ll see how it turns out in the final invoice.

And you really received quotes with that clause? That’s crazy. If I were a contractor, I would have lost it with your architect.