Guarantee against guarantee

Evening everyone,

I have a beginner question burning under my nails again:

Is it common for the client and the contractor to guarantee a bank surety of the same amount to each other, along the lines of: "You get one from me if I also get one from you!!"?

Sounds quite fair, right? What should be considered? Or should one be cautious?

Thanks and regards

Project 2012

Hello,

Is it common for the client and contractor to each guarantee a bank guarantee of the same amount to the other under the motto: "You get one from me if I also get one from you!!"?

Sounds quite fair, doesn’t it? What should be considered? Or is caution advised?

If I remember correctly, at the very beginning of your questions here, you wanted to award each trade individually? So has it now become the main contractor/general contractor?

No, it is actually not "common"; usually, the client has to provide proof of financing. This is, first of all, cheaper than a comparable guarantee and, secondly, also fulfills the understandable wish of the main contractor/general contractor that the money cannot be used elsewhere. You should not sign an assignment – in whatever form.

On the other hand, it is not unwise to demand a completion bond from the main contractor/general contractor, which converts into a warranty bond after completion of the construction project.

Kind regards

Hello,

we come from prefabricated houses and have now gotten stuck with "Stein auf Stein"....Therefore, we had some initial discussions with a general contractor in our area...Some examples:

We want to build preferably without ETICS and he offered us instead of his standard 24 cm Poroton brick with 16 cm ETICS a 50 cm Poroton brick without ETICS...supposed to be cost-neutral....

What made me somewhat suspicious, however, was the statement that he always builds floor slabs without a clean layer of lean concrete...and if you do want one, it should cost 3 to 4 thousand euros more....In various forums, however, the importance of such a clean layer is always emphasized...and the price is supposedly about 10 euros/sqm (at 8 cm thickness)..That makes you wonder whether one should draw conclusions from that....

Regards

Project 2012

Hello,

What made me somewhat suspicious, however, was the statement that he always builds floor slabs without a blinding layer of lean concrete... and if you do want one, it should cost an extra 3 to 4 thousand euros... In various forums, however, the importance of such a blinding layer is always emphasized... and the price is said to be about 10 euros/sqm (at 8cm thickness).. You then wonder whether you should draw any conclusions from this....

Without a subgrade, nothing works, that is the really important statement. Whether this necessarily has to be made of lean concrete or whether compacted gravel is also sufficient is something on which opinions differ - or the camps of the respective lobbyists ;)

That the blinding layer of lean concrete is more expensive in the mentioned area results from the work processes and is - in my experience - by no means overestimated.

Kind regards