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Sep 24, 2024
8:49
:26
pm
Jdoc
All-American
If it was a bid and the contractor did not
qualify the bid with language saying it was just an estimate and that the final cost would depend on the actual cost plus a pre-agreed mark up for profit, you can be most likely hold him to his original bid.
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Jdoc
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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
bd52
Sep 24, 9:04pm
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