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What Happens After You Sign a Building Contract? From Finance Approval to Progress Payments and Handover

Newly completed modern Australian townhouses with dark rooflines and rendered facades

Signing a building contract is a major milestone. The plans are taking shape, a builder has been selected, finance may be progressing and attention starts turning towards construction. But signing the contract does not necessarily mean construction starts immediately. There can still be finance requirements, approvals, engineering, selections and documentation to finalise before work begins. […]