Home builders should renegotiate fixed-price contract terms with customers as they grapple with building material costs rising at the fastest pace in 42 years, the industry lobby group in NSW is telling its members.
However, Master Builders NSW says members are obliged to meet legally binding contracts and their ability to adjust terms comes down to getting clients to agree to pay more.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
