Depends on the contract. Was the estimate

Sep 24, 2024
8:31:16pm

Jdoc All-American

a firm bid? Was it just an estimate but at the end of the day was it a cost plus contract? Were there change orders or price escalations?

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Jdoc

Bio page: Jdoc
Joined: Feb 8, 2018
Last login: Sep 24, 2024
Total posts: 11,072 (19 FO)

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Messages

Author

Time

With home construction, who bears the risk of a project going over budget? For

Odysseus

Sep 24, 8:26pm

Depends on your contract with the builder.

cougsrule

Sep 24, 8:28pm

Any contractor that knows what they are doing is going to charge cost+

RexIdaCoug

Sep 24, 8:31pm

Not true. If you are a good estimator, you

Jdoc

Sep 24, 8:32pm

I edited my post

RexIdaCoug

Sep 24, 8:34pm

Depends on the contract. Was the estimate

Jdoc

Sep 24, 8:31pm

Did you sign a contract? If so, what does it say?

Corn Pop

Sep 24, 8:35pm

No contract. Just a bid, put a % down, then they got to work

Odysseus

Sep 24, 8:46pm

If it was a bid and the contractor did not

Jdoc

Sep 24, 8:49pm

Get a contract, or you're assuming the risk.

Corn Pop

Sep 24, 8:49pm

And estimate/bid is a contract once agreed to by both sides.

Jdoc

Sep 24, 8:52pm

Regardless of the contract, contractors are very good at finding ways to make you lay for it.

Baron

Sep 24, 8:40pm

Wow. Even worse than I thought

Odysseus

Sep 24, 8:43pm

Be weary with estimates. Demand 3 or 4 even more per trade or scope. I run into

bd52

Sep 24, 8:43pm

Never get an estimate, always get a bid. Sometimes bids come in

TJD

Sep 24, 8:45pm

This is more of a generic question because our contractor has been good to work

Odysseus

Sep 24, 8:49pm

Sounds like they busted their bid. Not your fault, but do you want to spend

Jdoc

Sep 24, 8:51pm

In this case it’s definitely not worth it because they took the loss on most of

Odysseus

Sep 24, 9:00pm

Dirts hard to estimate and that's on them. They should have given you yardage

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