Price Increase. The Cost Clause Trap
A contract can look like a fixed price agreement, but still allow the builder to charge more later. This usually happens through allowances and adjustment wording that most homeowners skim past. This module helps you spot those triggers before they hit your budget.
You will learn:
- What provisional sums and prime cost items really mean in practice
- Where price adjustment or cost escalation clauses show up
- What supporting evidence should sit behind any extra cost claim
You will be able to:
- Identify every clause that can change the price
- Ask the right questions before signing, not after the invoice arrives
- Reduce the risk of surprise costs during the build
Look for this in your contract: provisional sums, prime cost items, cost escalation or price adjustment wording.