[COM] 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by citywatcher »

Not sure What the piling is for as there isn't a builder yet

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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by retsacerp »

citywatcher wrote:
Thu Jan 09, 2020 11:47 pm
Not sure What the piling is for as there isn't a builder yet

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Hutchies.
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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by Ben »

retsacerp wrote:
Sat Jan 18, 2020 3:45 pm
citywatcher wrote:
Thu Jan 09, 2020 11:47 pm
Not sure What the piling is for as there isn't a builder yet

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Hutchies.
Hutchinson? Is this their first adelaide job?
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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by citywatcher »

It's down to two
One is the builder who built stage 1 but the developers weren't exactly 100 per cent happy with

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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by wilkiebarkid »

Why would there be a piling rig on site when all the subconstruct was done with the first stage?
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[COM] Re: [COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by citywatcher »

wilkiebarkid wrote:Why would there be a piling rig on site when all the subconstruct was done with the first stage?
It's gone now.Took samples ?
Something to do with the final two bidders ?

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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by retsacerp »

Ben wrote:
Sat Jan 18, 2020 4:16 pm
Hutchinson? Is this their first adelaide job?
i think so.
citywatcher wrote:
Sat Jan 18, 2020 6:25 pm
It's down to two
One is the builder who built stage 1 but the developers weren't exactly 100 per cent happy with
it's hutchies. and if you talk to hindmarsh about the developer, the feeling is mutual! :D
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[COM] Re: [COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by citywatcher »

retsacerp wrote:
Ben wrote:
Sat Jan 18, 2020 4:16 pm
Hutchinson? Is this their first adelaide job?
i think so.
citywatcher wrote:
Sat Jan 18, 2020 6:25 pm
It's down to two
One is the builder who built stage 1 but the developers weren't exactly 100 per cent happy with
it's hutchies. and if you talk to hindmarsh about the developer, the feeling is mutual! :D
And yet they got down to the last two

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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by BSK »

Nothing would please me more if Hutchinsons win the job. Hindmarsh try to negotiate and enforce 45 day payment terms. Would have to have rocks in your head to work for/with them.
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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by Nathan »

BSK wrote:
Mon Jan 20, 2020 8:47 pm
Nothing would please me more if Hutchinsons win the job. Hindmarsh try to negotiate and enforce 45 day payment terms. Would have to have rocks in your head to work for/with them.
What's wrong with 45 day payment terms?
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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by citywatcher »

Bit hypocritical when you're months behind schedule

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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by BSK »

Nathan wrote:
Mon Jan 20, 2020 11:17 pm
What's wrong with 45 day payment terms?
It is unethical as far as I am concerned and should be forbidden.

Builder's get paid within 7-14 days, therefore there is absolutely no reason for them to try and enforce 45 day payment terms as they only want to increase their own cash flow and profit further on interest.

Why should small-medium sized suppliers or subcontractors 'fund' building projects for builders and clients when they have their own bills to pay before getting paid themselves?

Hindmarsh is the only builder in SA that I have struck that request for 45 day payment terms. Traditionally, subcontractors don't get paid on the 45th day in any event, as builders have payment cycles where they may only make payments on Fridays. And then there is the lag between when the payment is made and when it is actually received. It can blow out to 50-55 days.

If you're that desperate for work and are willing to work for onerous terms and conditions, it should be questioned whether you should be in business in the first place.

That is what is wrong with 45 day payment terms.
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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by Ben »

I saw this yesterday. I don’t know if it’s new but I’ve never noticed it before.
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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by Nathan »

BSK wrote:
Wed Jan 22, 2020 9:26 am
Nathan wrote:
Mon Jan 20, 2020 11:17 pm
What's wrong with 45 day payment terms?
It is unethical as far as I am concerned and should be forbidden.

Builder's get paid within 7-14 days, therefore there is absolutely no reason for them to try and enforce 45 day payment terms as they only want to increase their own cash flow and profit further on interest.

Why should small-medium sized suppliers or subcontractors 'fund' building projects for builders and clients when they have their own bills to pay before getting paid themselves?

Hindmarsh is the only builder in SA that I have struck that request for 45 day payment terms. Traditionally, subcontractors don't get paid on the 45th day in any event, as builders have payment cycles where they may only make payments on Fridays. And then there is the lag between when the payment is made and when it is actually received. It can blow out to 50-55 days.

If you're that desperate for work and are willing to work for onerous terms and conditions, it should be questioned whether you should be in business in the first place.

That is what is wrong with 45 day payment terms.
Ah, I misunderstood. I thought you meant they had 45 day payment terms for their own invoices. Yes, any business that tries to enforce their own payment schedule on money they owe are arseholes.
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[COM] Re: 260 Flinders Street | 84m/74m | 24/21 Levels | Mixed Use

Post by Will »

From realestate.com

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