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Posted 20 May 2024
Category: Building Defects, eBooks
Key Takeaway: Large schemes are required to obtain 2 quotes for expenditure over $30,000. Obtain alternative quotes in advance.
If you have rights against the builder, developer or relevant party, those could be worth pursuing, as the loan amount will still need to be repaid.
Bear in mind, if you are a large scheme (100 or more lots, excluding utility lots), you are required to obtain an alternative quote for expenditure over $30,000.
There are many other aspects strata schemes should obtain advice on.
To access more FAQ'S on Building Defects fill in the below form to download our Bannermans Building Defects Guide – Part 2 for free.