Contract Signing
A firm price for your new home or renovation is now presented based on the working drawings and your specifications. You will now be asked to sign a Master Builder’s Contract. This is the legal agreement as to how the project will be delivered. Along with the Conditions of Contract (the terms under which your project will be built), there will be Schedules that include:
- Contract price
- Contract timeline detailing start/completion dates and key project milestones
- Supporting documentation
- Payment schedule
- Detailed specifications for selections, including
fixtures and fittings etc.
After signing the contract, any changes to the design or specifications will be considered a variation to the works, and may incur additional costs.
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