In this episode of the BILD Lab podcast, we discuss the handover process under a new home building contract, with specific reference to the HIA contract. We explain how the process is triggered when the builder issues a notice of completion, what a final claim actually is, and why it is not the same as a final invoice or an immediate demand for payment. This episode also unpacks how the final claim is calculated, including the remaining contract balance, approved variations, and any deduction...
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In this episode of the BILD Lab podcast, we discuss the handover process under a new home building contract, with specific reference to the HIA contract. We explain how the process is triggered when the builder issues a notice of completion, what a final claim actually is, and why it is not the same as a final invoice or an immediate demand for payment. This episode also unpacks how the final claim is calculated, including the remaining contract balance, approved variations, and any deduction...
Final Payment in Victorian Building Contracts Many homeowners are asked to pay the final amount even though defects still exist, without realising how much leverage they’re giving up in the process. In this episode, we explain what triggers final payment, when owners are required to pay, how defects are meant to be handled, and what changes once the money is released. We also explore the risks of paying too early, and the consequences of refusing payment without proper grounds. This episode i...
The BILD Lab Podcast
In this episode of the BILD Lab podcast, we discuss the handover process under a new home building contract, with specific reference to the HIA contract. We explain how the process is triggered when the builder issues a notice of completion, what a final claim actually is, and why it is not the same as a final invoice or an immediate demand for payment. This episode also unpacks how the final claim is calculated, including the remaining contract balance, approved variations, and any deduction...
