How do I protect myself against the insolvency of the construction company?

  • Erstellt am 2020-04-28 16:15:21

nordanney

2020-04-28 21:34:34
  • #1
Currently all credit agencies are failing. So it doesn't help right now. Besides, the financial statements of developers/construction companies are often not meaningful, as they are cyclical.
 

KundF_Hof

2020-05-01 14:16:53
  • #2


What does a reasonable payment plan with a general contractor look like? We have one stated in the contract for work, but we would like to critically review it again.
 

danixf

2020-05-01 19:48:03
  • #3
It is difficult to make a general statement. This also depends on the construction method. For example, a basement is an enormous cost driver at the beginning. The shell construction should not exceed 50%. This is a rough guideline. Additionally, at least 3.5% should be withheld after full completion. Ideally, this would be 5%. § 3 of the Real Estate Developers and Brokers Ordinance as a note. Here is an example of a payment plan according to construction progress. This would be a pretty good one, but also relatively unrealistic.
 

KundF_Hof

2020-05-03 17:05:36
  • #4


Thank you very much for your detailed answer, we will be building with a basement (white tank) in solid construction. Many points are already included in our contract, so I am of course glad to now have the confirmation.
 

KundF_Hof

2020-05-15 11:19:53
  • #5


Does anyone have the optimal payment plan for builders when building solidly with a basement?
 

haydee

2020-05-15 11:44:33
  • #6
Check with the [Verband der Bauherren]. I think they have one on their homepage
 

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