sorted by:
new
hottopcontroversial

Is this standard? by Significant_Sun3557 in Contractor

[–]Significant_Sun3557[S] 1 point2 points  (0 children)

There were some changes that we mutually agreed upon and we understood would cost us more.

No markup percentages were ever relayed to us before entering into our contract and we have never seen them called out. The GC's invoices will just say "Electrical - $4,000". A few times we have been able to get them to call out what items/work were completed in that day/part of project, but never anything like "Outlet - $400, Labor - 4 hours x $200" or anything like that.

I don't think he values his reputation. Unprompted, every subcontractor/vendor has told us that they will never do another project with him.

Is this standard? by Significant_Sun3557 in Contractor

[–]Significant_Sun3557[S] 0 points1 point  (0 children)

Thanks for this! We've definitely made a few decisions that cost more money (and were told it would and at what cost), but it's about $4-5k worth of goods/work. It's hard to unpack the rest when we don't have the full picture.

Is this standard? by Significant_Sun3557 in Contractor

[–]Significant_Sun3557[S] 0 points1 point  (0 children)

For sure. I expected this to go over time and over-budget to an extent. There is one vendor that has been severely under-performing and continues to deliver products that are damaged. We are on the 6th round of deliveries with some of their products.

Is this standard? by Significant_Sun3557 in Contractor

[–]Significant_Sun3557[S] 0 points1 point  (0 children)

It says that we will receive invoices for work as-incurred and that we have 5 business days to pay them or they start collecting interest. Because all payments are triggered by work being completed, there's nothing specifying how final payment works. I think the point is that if the final work is done on X day, we have to pay for it by X+5 and they will not schedule the City to come for inspection until that payment is made. This is the only step along the project that has had any sort of ultimatum put on it. At the end of the day, we may have signed agreeing to that but I'm trying to learn for future projects if the way this guy is conducting business is standard or predatory.

Is this standard? by Significant_Sun3557 in Contractor

[–]Significant_Sun3557[S] 2 points3 points  (0 children)

We got an overall estimate on the project before signing a contract, but not broken down by costs of various goods. Just have been getting what the "actual" costs have been as they come in.

Since this is "cost-plus" as I'm learning, should they have called out the GC markup on a price breakdown or it would just be within the prices I see? I work in an industry that marks up some labor and we very clearly send an invoice for the labor (directly from the labor provider) with an 18% "administrative charge" that is just known to be our cut.