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Old 01-06-2009, 08:37 AM   #45
onetwo_threefour
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Join Date: Apr 2006
Location: Mahogany, aka halfway to Lethbridge
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Just to expand on what Photon was saying. It is true that the half-dozen or so of those clauses that I saw were worded as cost of building adjustments rather than 'profit adjustments' but it is also true that at least one builder tried to increase prices even without a price adjustment clause on the basis that they wouldn't be able to finish and would walk away from the project if people refused to pay more. That was dirty pool and we told the builder we would sue them for it and they backed off. I think it us also dirty pool for the buyer to suddenly go back and request a price adjustment based on hypothetical losses and have told a couple of clients that as well. Everybody takes risks in the marketplace and everybody is responsible for the risks they choose to take.
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