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12 Nov 2006 12:00 AM by JRS Star rating. 3 forum posts Send private message

We have been told that the bank guarantee will run out at the date specified for completion on our contract i.e. June 2006.  It looks extremely unlikely that the houses will be built by then.  Does anyone know whether the builder pays for the new bank guarantee - or is that down to us?


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12 Nov 2006 10:44 PM by JRS Star rating. 3 forum posts Send private message

Sorry - meant to write June 2007!


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18 Nov 2006 11:27 AM by rodhen Star rating. 4 forum posts Send private message

We were never given a bank guarantee in the first place and our solicitor (and I use the term loosly) said we would have to pay for it (1600 euro!). After several emails being batted back and forth I asked for compensation for late delivery (our contract said May 2006 completion). This seemed to do the trick and we got the guarantee for free, so just stick to your guns and you'll get it. Rod



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18 Nov 2006 5:37 PM by pk Star rating. 18 forum posts Send private message

We did the same thing  asking our solicitor (we also use the term loosly) for compensation for late delivery which resulted in us getting our bank guarantee.

F & P



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