File photo: NZ HeraldHouse builders are being deterred from offering fixed prices on jobs by escalating prices and critical shortages of materials. Blackburn says that presents an "enormous challenge" to quoting a fixed price - till now the standard approach for building new homes. Master Builders chief executive David Kelly warned in the same webinar against "not being talked into" a fixed price job. "And then what's going to happen is banks are going to refuse to lend to these people. In one case, provisional costs in the contract complicated the matter, but the other was a straight fixed price.

Source: Otago Daily Times September 06, 2021 21:54 UTC