Bauexperte
2016-08-19 11:40:06
- #1
10% on claims _before_ acceptance?According to the notarized contract, I receive a performance bond.
You _only_ don’t need such a bond if the construction project runs smoothly and no hidden defects appear later, as long as you live in the house. Who can exclude that with certainty? I would think this over carefully in your position, but also consult a lawyer. It depends on the decisive wording in the bond and the duration. Explaining this here – unless has the time and leisure – would go too far. It should be noted that a performance bond covers the period during which the construction project is being carried out, whereas a warranty bond covers the period after the construction phase has ended. Rhineland regardsHe also offered me a warranty bond for 2,000 euros, but we are still considering whether it’s worthwhile for a secured amount of 5% of the project (approx. 15,000 euros).