Check the builder on your quote is real, licensed and the same company
Fake or borrowed licences and mismatched ABNs are how homeowners lose deposits.
Copy these from your quote
Rules worth knowing before a deposit
- The contract names one entity.The company on the quote, the licence holder and the ABN should be the same. A similar trading name can hide a different company.
- HBC cover comes first.For NSW residential work over A$20,000, the builder must give you an HBC certificate for your site before asking for any payment.
- The deposit is capped.A deposit over 10% of the contract price is not allowed for NSW residential building work.
Rules summarised from NSW Government contract guidance ↗. Check the rules for your contract.