new build construction - builder issues

[Raj Konda]

I entered into a contract with a reputable builder ( at least I thought at first) in SW Florida. This is my first experience and has been a stressful one to tell the least. Sharing my experience below -

Entered into a contract almost 18 months ago, after buying a piece of land. First few months, they blamed the city’s back logs for issuing permits. Build was supposed to finish in 4-6 months, it’s been 12 months since the permits and they are requesting another 3 months extension. Builder keeps on blaming on suppliers etc, every time there is a new story and hard to updates on delays. Right now, I m not sure if they can finish in 3 months and it might be dragged for longer time.

I really hope my case is an anomaly and hoping, builder issues, are not that common. If you have gone thru a similar experience in the past, please share any tricks or things I should be aware of, especially the solvency of this builder.

Thanks for all the suggestions in advance.