ARIZONA -
The house is not complete - it has been sitting for over a year. The contractor did not Compact the soil, lay the ABC Rock, install the Rebar Netting, or pour enough concrete - as per the plans. The contractor is suing me and the AZ ROC because, his license has been revoked.
My Construction Loan Contract (in the Construction Draw Schedule) states:
First Disbursement: 20% will be disbursed upon acceptable certification by Borrower or the contractor or city building inspector, and the Banks' Inspector, as appropriate, that the following have been completed:
A: All footings, foundation walls, piers and any other foundation work;
B: All underground piping for plumbing, heating and cooling in place, and plumbing tested with water to a height of not less than forty-two inches above floor level;
C: All sub-base material in place and compacted, except at exposed items, insulation strips, screeds and other work preparatory to pouring floor slab completed;
D: All excavation completed and concrete platforms, patio floors, and carport/garage slab poured.
The bank has given the contractor three out of the five draws and they do not seem to care about the problems _ as long as we continue to pay the monthly construction loan.
The house is not complete - it has been sitting for over a year. The contractor did not Compact the soil, lay the ABC Rock, install the Rebar Netting, or pour enough concrete - as per the plans. The contractor is suing me and the AZ ROC because, his license has been revoked.
My Construction Loan Contract (in the Construction Draw Schedule) states:
First Disbursement: 20% will be disbursed upon acceptable certification by Borrower or the contractor or city building inspector, and the Banks' Inspector, as appropriate, that the following have been completed:
A: All footings, foundation walls, piers and any other foundation work;
B: All underground piping for plumbing, heating and cooling in place, and plumbing tested with water to a height of not less than forty-two inches above floor level;
C: All sub-base material in place and compacted, except at exposed items, insulation strips, screeds and other work preparatory to pouring floor slab completed;
D: All excavation completed and concrete platforms, patio floors, and carport/garage slab poured.
The bank has given the contractor three out of the five draws and they do not seem to care about the problems _ as long as we continue to pay the monthly construction loan.
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