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Every week we get numerous phone calls from people who have lost money during building and construction works. About half of the calls are from homeowners who have paid a deposit to a builder or supplier (i.e. of a kitchen) only to find out that the builder or supplier has vanished or not done what they said they would. The remaining calls are from builders, subcontractors, kitchen manufacturers, bathroom renovators and various other suppliers who have carried out the building work in good faith and are then told there is no money available to pay them. BUILDSAFE® is a service designed to help reduce the number of people who lose money on a construction project. BUILDSAFE is a security of payment scheme specifically designed for the building and construction industry in New Zealand. The service is very simple: rather than pay a "deposit" to a builder or supplier, the money is paid into the BuildSafe Trust Account. The money is then held in trust until the work is properly completed and then released to the builder or supplier. As well as helping to keep your money safe, BuildSafe provides contract documents, tips and strategies to help a building project run smoothly. We are committed to helping builders, home owners, subcontractors, lawyers, banks, real estate agents and anyone who is involved in construction do building work better. We would love to help you make your building project a success so give us a call on 0508 4 BUILDSAFE. WHAT DOES IT COST TO USE BUILDSAFE? |
