Price Hold Guarantee

Terms and Conditions:

Eligibility

Forma Homes will honour the applicable Price Hold period, provided the following conditions are met:

• The home must be built using our standard specifications and brick veneer construction method (this excludes double brick homes).

• The site address must be located within the Builder’s Zone 1 metropolitan region.

• The home design must fall within the standard range offered by the Builder.

Price Hold Conditions

• Forma Homes will uphold the applicable Price Hold period, provided the following conditions are met by the purchaser(s):

• The Price Hold applies only to the base price of the home and selected sales variations; it does not include any provisional sums.

• Payment of the Preparation of Plans Agreement (PPA) in full.

• Execution of a Lump Sum Building Contract within sixty (60) working days of signing the Preparation of Plans Agreement (PPA).

• Full payment of the remaining deposit claim under the Lump Sum Building Contract.

• All revisions and variations to the building contract and associated documentation must be signed by the purchaser(s) within three (3) working days of being issued.

• Purchaser(s) prestart meeting must be conducted within five (5) working days from the date requested by the Builder.

• All pre-start variations must be signed off within three (3) working days of being received.

• Final Documentation, which includes the final set of working drawings and final addenda, must be signed off by the purchaser(s) within five (5) working days of being issued.

• No pre-start variations may be raised after the Final Documentation has been issued.

• The purchaser(s) acknowledge that revisions and variations to the contract contribute to delays, and the time taken to process them will be counted within the Price Hold period. No additional time will be granted.

Forma Homes must receive the following approvals within sixty (60) working days of the land titling:

• Water, developer, and all council approvals.

• Unconditional finance approval, including proof of any loan shortfalls.

• Confirmation of land settlement into the purchaser(s) names.

• Signed final documents (the final set of working drawings and final addenda).

• The purchaser(s) must meet all other contractual obligations related to site access to commence construction, such as meeting planning conditions, demolition, and availability of site power and water.

Delays and Exclusions

Forma Homes is not responsible for any delays that are beyond the builder’s control. These delays may include, but are not limited to:

• Titling of land by the developer.

• The purchaser’s ability to obtain finance approval.

• Delays caused by the lender or the purchaser(s).

• Planning approvals.

• Council approvals.

• Developer approvals.

• Delays caused by external suppliers.

• Delays resulting from breaches of the Price Hold Terms and Conditions.

Forma Homes reserves the right to review the terms of this promotion at any time. If a review is necessary after the lump sum building contract has been signed, the conditions outlined in the building contract will apply. Provided that the Builder commences construction within the agreed Price Hold period and all the above conditions are met, the Price Hold will be honoured.

Build Time Guarantee

Terms and Conditions:

Eligibility

Forma Homes will honour the applicable Build Time period, provided the following conditions are met:

• The Build Time Guarantee applies only to the construction of a home covered by a signed Preparation of Plans Agreement that has not been terminated.

• The Build Time Guarantee is only valid on homes that comply with all terms and conditions listed.

The Build Time period is valid only for the following types of homes:

• The home must be built using our standard specifications and brick veneer construction method (this excludes double brick homes).

• The site address must be located within the builder’s Zone 1 metropolitan region.

• The home design must fall within the standard range offered by the Builder.

Build Time Conditions

Forma Homes will uphold the applicable Build Time period, provided the following conditions are met by the purchaser(s):

• The total contract value, including any variations, is under $500,000.

• The property is a green-titled site with street frontage within a green fields estate, not exceeding 600 square meters.

• The site has a slope with a fall that does not exceed 500 mm.

• Only sites classified as ‘A’ class soil are acceptable

• The site must have access to scheme water, sewer, and underground power services, all of which should be available for connection before the concrete slab is laid.

• Full, on time payment for claims under the Lump Sum Building Contract.

• The purchaser(s) must not supply any items or works.

• The purchaser(s) must meet all other contractual obligations related to site access to commence construction, such as meeting planning conditions, demolition, and availability of site power and water.

• Practical completion will be claimed for as determined by the Builder only and does not require the commencement of landscaping works included in the Lump Sum Contract.

Delays and Exclusions

Forma Homes is not responsible for any delays that are beyond the builder’s control. These delays allow the builder to extend the Build Time period automatically without notice or repercussion, and this does not count as non-fulfillment. If an extension was necessary, the purchaser(s) can request proof of delays at practical completion.

Delays may include, but are not limited to:

• Delays caused by external suppliers.

• Delays caused by acts of vandalism or damage.

• Delays caused by unforeseen events, such as inclement weather, that disrupt material or trade supply.

• Delays caused by a pandemic outbreak that results in industry shutdowns.

• Delays caused by any instructions or delays in instructions from the purchaser(s) or any omissions by them.

• Delays caused by owner-initiated building inspectors.

• Delays resulting from breaches of the Build Time Terms and Conditions.

Forma Homes reserves the right to review the terms of this promotion at any time. Where the Terms and Conditions have not been explicitly met, this guarantee is immediately void and all time performance measures will be as outlined in the HIA Lump Sum Building Contract.

Builders Obligation For Non-fulfillment

Should the builder not achieve practical completion within the time frame specified (plus if applicable any extension of time claimed), then the builder agrees to pay the owner the amount of $250 (inclusive of gst) per week until practical completion has been reached, to a maximum of 16 weeks.

Structural Guarantee

Terms and Conditions:

It’s essential to note that issues caused by misuse or neglect are not covered under this guarantee. The purchaser(s) are responsible for ensuring that your home is properly maintained. If the purchaser(s) experience any problems within the first six months, please use the service portal provided in Constructive to notify the Builder. If the issue falls under the Builder 6-Month Free Warranty Service, there will be no charge for repairs.

The structural guarantee begins on the date of your practical completion and covers the following items:

• Concrete footings and slab.

• Structural steel and timbers.

• Structural brickwork.

Your Responsibility as the Homeowner

• The purchaser(s) must maintain the site in conjunction with the “CSIRO Foundation Maintenance and Footing Performance: A Homeowner’s guide” .

• Maintain the home in line with any ongoing maintenance duties such as regular termite inspections and retreatment.

• Ensure hardscaping and landscaping to the perimeter of the home is installed as soon as possible after handover and is designed and installed in a way to effectively drain water away from the foundations.

• Ensure that for any trees the purchaser(s) plant or plan to plant, the purchaser(s) engage a suitably qualified engineer to ensure that any roots will not impact the foundations of the home.

Exclusions under this Guarantee

• This Guarantee is valid for the initial purchaser(s) named in the Building Contract only. It is not transferrable under any circumstance to subsequent owners or occupants.

• Structural Failure due to neglect;

  • Any failure that it caused due to a failure on the purchaser(s) part to maintain the home or where negligence is evident (for example, deep excavation for swimming pools without adequate engineering and shoring).

• Failure on the purchaser(s) part to maintain the site in conjunction with the “CSIRO Foundation Maintenance and Footing Performance: A Homeowner’s guide” .

• Structural Failure due to environmental factors;

  • Structural failure caused by environmental factors and/or natural disasters is not covered by this guarantee. Environmental Factors such as natural disasters/act of god can cause damage beyond the structural requirements allowed for in Building Codes. It is important the purchaser(s) take out an insurance policy for the home as soon as the project reaches practical completion to cover any unforeseen environmental factors.

• Structural Failure due to modifications to the structure;

  • Any structural modification or addition made to the home after handover will void this Structural Guarantee.

  • Any structural modification or addition made to the home by the purchaser(s) or one of its representatives during the construction of the home (without prior approval and allowed for in the contract) will void this Structural Guarantee.

• For the avoidance of doubt, this Structural Guarantee does not apply in the following instances;

  • Site conditions post-handover that are outside of the Builders control.

  • Damage caused by storms, fires, earthquakes, flooding, drought or other acts of god.

  • Damage caused by tree root systems growing in proximity to the home.

  • Damage caused by subsequent construction works after handover of the home.

  • Fair wear and tear.

  • Minor cracking.

  • Any item of a non-structural nature or any item that is not the foundations, steel or timber structural framing or load bearing brickwork.

Making a Claim

To make a claim under this Structural Guarantee the purchaser(s) must provide to the Builder in writing the following information:

• An outline of the structural failure that has been experienced.

• Any evidence such as photo evidence or inspection reports the purchaser(s) may have.

Upon receipt of your claim the Builder will:

1.Review the provided documentation.

2.Inspect the property and where necessary engage the Builders nominated Structural Engineer to provide an inspection report.

3.Notify the purchaser(s) the outcome of the inspection and any rectification works that are necessary.

Forma Homes Promotions

Conditions Apply.

Advertised pricing is applicable only within the Perth metropolitan build zone area, unless stated otherwise. 

Unless explicitly mentioned, this offer cannot be combined with any other promotions, discounts, or incentives from Forma Homes.

Forma Homes reserves the right to change or substitute inclusions, products, specifications, and/or models if an item becomes unavailable or is discontinued. This is subject to the terms of the relevant building contract and applicable laws.

Images and visual representations are for illustrative purposes only. They may show items, finishes, landscaping, furniture, fixtures, features, or upgrades that are not included in the advertised price. Please refer to specific promotion terms and inclusions for full details.

For a complete list of inclusions, eligibility requirements, and applicable conditions, please contact Forma Homes.

Images and Photos

Images, photographs, elevations, floor plans, and other visual representations are for illustrative purposes only and may not accurately reflect the final construction. 

These images may show furniture, décor, landscaping, pools, paving, fencing, window treatments, upgraded finishes, fixtures, fittings, or other items that are not included in the advertised price or standard specifications. 

When an image is associated with a specific home, package, promotion, or advertised price, please refer to the accompanying specifications for details on what is included and excluded.

Social Media

Visitors to Forma Homes’ social media channels are welcome to post comments, reviews, photographs, and to submit questions, feedback, or ideas. Forma Homes encourages constructive discussions, suggestions, and feedback, as long as contributions are relevant and respectful.

Forma Homes reserves the right to moderate or remove any content that it reasonably deems to be false, misleading, deceptive, defamatory, discriminatory, offensive, abusive, threatening, unlawful, spam, or otherwise inappropriate.

The comments, opinions, and other material posted by users do not necessarily reflect the views of Forma Homes. Additionally, Forma Homes may restrict or block users who repeatedly post content that violates these guidelines.

House and Land Packages

Images, photographs, elevations, floor plans, and other visual representations are for illustrative purposes only. They may depict items, finishes, landscaping, furniture, fixtures, features, or upgrades that are not included in the advertised price or final build. Please refer to the specific package details and inclusions for items that are included in the advertised price. For full details, contact Forma Homes.

The land being advertised is not owned by Forma Homes and must be purchased directly from the relevant Developer/Owner under a separate land contract. Land availability is subject to change and may be sold or withdrawn without notice. Forma Homes has received authority from the landowner to advertise the land price in order to present the house and land package and may receive a marketing referral fee, commission, or other benefits from the Developer/Owner. Where applicable, details of these arrangements will be disclosed in accordance with relevant legal requirements.

Forma Homes will take reasonable steps to ensure that advertised lots remain available while being promoted. If an advertised lot becomes unavailable, Forma Homes may assist in sourcing an alternative lot where possible. Please note that any alternative package may be subject to different land, site works, design, developer, and construction costs, and the package price will be adjusted accordingly.

House designs may be amended to comply with estate covenants, design guidelines, planning requirements, or other developer or statutory conditions. Any additional costs arising from such requirements that are not included in the advertised package price will be communicated to the purchaser and may be payable by the purchaser.

A Lump Sum Build Contract will be entered into with Forma Homes for the construction of the home and associated site works. A separate land contract will be entered into with the relevant Developer/Owner, as Forma Homes does not own or sell the land.

All home loan applications are subject to lender approval, eligibility criteria, and individual assessment. Advertised package prices are based on the assumptions, specifications, and inclusions stated for the relevant package. If an advertised price assumes eligibility for a government grant, guarantee, or assistance program, including the First Home Owner Grant or the Australian Government 5% Deposit Scheme, eligibility and availability are subject to applicable government and lender requirements.

A provisional allowance for site works may be included in the advertised package price. Site works costs may change following a survey, site classification, engineering information, soil testing, or other relevant investigations. Additional costs may apply if site conditions, developer requirements, statutory requirements, purchaser selections, or other circumstances differ from the assumptions used in preparing the advertised package.

Unless otherwise stated, advertised package prices are subject to change prior to the execution of the relevant building and land contracts.

Disclaimer

The content on this website is provided for information purposes only. While every effort has been made to ensure the accuracy and completeness of this information, Forma Homes makes no guarantee and accepts no responsibility for any errors or omissions it may contain. It is the responsibility of users to make their own decisions about the accuracy, reliability and correctness of the information contained on these sites.