The Enthusiast Lab

Episode 12 - Timeframes, delays and price increases


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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 [email protected] 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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The Enthusiast LabBy Mr Enthusiast