Metricon and other builders have arbitrarily ended contracts and given home owners inflated new quotes to encourage them to walk away, in an effort to clear their decks of contracts the companies took on but could not build profitably, a building contract lawyer says., companies such as Metricon looked for ways to end contracts, NSW lawyer Isabelle Braly told“Initially, they preface it with a phone call. Everyone gets a phone call, then a generically worded letter.
“It comes down to that they fixed the price at prices that were too low for the actual costs of the labour,” Ms Braly said. “The really expensive builders took all the skilled tradesmen and then they weren’t able to get tradesmen in this area for the price they wanted to pay. That encouraged this idea of … we’ll put this ridiculous figure on it and most of them will say no.”“Metricon isn’t the only building company doing this,” Ms Braly said. “There are quite a few builders that do it.
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Source: 9NewsSyd - 🏆 23. / 51 Read more »