Sir_Batman
2022-03-30 12:04:35
- #1
I throw the following into the ring:
1. Reference to the fixed price and the absence of a price adjustment clause
2. Reference to the advertising “[BAFA/KFW]” and the risk that this subsidy might no longer exist
3. Basically signal willingness, but
3.a bank guarantee, e.g. 10% of the construction sum
3.b contractual exclusion of further cost increases, otherwise a right of withdrawal for you and the contractor assuming the additional costs
3.c determination of your pain threshold (e.g. 5%)
4. Fix the completion date, establish damages for delay. Secure with a guarantee.
He wants something, then he must also provide a corresponding consideration.
The bank guarantees are immensely valuable. No company can afford to have one called. And in case of insolvency you get the money from the bank, usually on first demand.
1. Reference to the fixed price and the absence of a price adjustment clause
2. Reference to the advertising “[BAFA/KFW]” and the risk that this subsidy might no longer exist
3. Basically signal willingness, but
3.a bank guarantee, e.g. 10% of the construction sum
3.b contractual exclusion of further cost increases, otherwise a right of withdrawal for you and the contractor assuming the additional costs
3.c determination of your pain threshold (e.g. 5%)
4. Fix the completion date, establish damages for delay. Secure with a guarantee.
He wants something, then he must also provide a corresponding consideration.
The bank guarantees are immensely valuable. No company can afford to have one called. And in case of insolvency you get the money from the bank, usually on first demand.