In this episode of the BILD Lab podcast, we take a detailed look at the handover process under a new home building contract, with specific reference to the HIA contract.

We explain how the process is triggered when the builder issues a notice of completion, what a final claim actually is, and why it is not the same as a final invoice or an immediate demand for payment.

This episode also unpacks how the final claim is calculated, including the remaining contract balance, approved variations, and any deductions that apply due to delays or liquidated damages. We discuss when a builder is entitled to request the final payment, why an Occupancy Permit or Certificate of Final Inspection is required, and what “completion” really means under a domestic building contract.

If you’re building a new home in Victoria, this episode will he ...