Bank guarantee for developer due to the last installment

  • Erstellt am 2010-10-26 18:38:27

spaetlese1

2010-10-26 18:38:27
  • #1
Hello everyone,

we will be building a semi-detached house with Town & Country. Now we still need a bank guarantee so that the bank also transfers the last installment to Town & Country.
Has anyone built with Town & Country and can tell me what this guarantee looks like or what it contains?
 

Bauexperte

2010-10-27 09:53:15
  • #2
Hello,


There is enough INFO about Town & Country here in the forum/on the entire web for me not to go into it further.

Regarding your question about the bank guarantee, you put it "nicely"; in fact, a guaranteed last installment means that Town & Country can always collect this installment, whether your single-family house was handed over without defects or not!

Did you sign a contract according to VOB?

Kind regards
 

pitbit

2011-09-01 23:00:03
  • #3
We also build with Town & Country and have refused this guarantee. It was no problem for our partner. Because he wants to hand over a defect-free house to us!! And not have to call in the guarantee. We have not given any guarantees at all. Only received from Town & Country.
 

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