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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone negotiate a general contractors bid?
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<blockquote data-quote="Relaxed Chaos" data-source="post: 16499208" data-attributes="member: 64993"><p>Don't trust most contractors. They make a killing regardless of what they tell you. There is a lot of room to negotiate.</p><p></p><p>I had quotes for my house that ranged from $124 per square foot down to $63 per square foot. Then I went and looked at their construction in progress to get an idea of the difference in build quality. I asked for a list of their sub-contractors to investigate their reputation. Keep in mind they all have to meet the same code. I found out that most contractors were profiting $50K - $75K on each house but would not tell me how much they were making. I kicked these high profit joints out, and only worked with the ones I could negotiate with and we could have real discussions about my costs and their profits.</p><p></p><p>Find a contractor who does this work on the side to make extra cash or is trying to build his business. These guys take the least profit and work hard to build their reputation.</p><p></p><p>I wrote a cap in the contract, as in the maximum finished cost to cover everything detailed in the plans and itemized costs per room. All change requests were to be paid in cash up front at the time of mutual acceptance of the change order. Kept the contractor in line, knowing we were only going to pay a specific max amount for the work. Kept us owners in line from making changes and held the costs down.</p><p></p><p>Squeezed out with help from the <a href="http://r.tapatalk.com/byo?rid=92568" target="_blank">svtperformance.com mobile app</a></p></blockquote><p></p>
[QUOTE="Relaxed Chaos, post: 16499208, member: 64993"] Don't trust most contractors. They make a killing regardless of what they tell you. There is a lot of room to negotiate. I had quotes for my house that ranged from $124 per square foot down to $63 per square foot. Then I went and looked at their construction in progress to get an idea of the difference in build quality. I asked for a list of their sub-contractors to investigate their reputation. Keep in mind they all have to meet the same code. I found out that most contractors were profiting $50K - $75K on each house but would not tell me how much they were making. I kicked these high profit joints out, and only worked with the ones I could negotiate with and we could have real discussions about my costs and their profits. Find a contractor who does this work on the side to make extra cash or is trying to build his business. These guys take the least profit and work hard to build their reputation. I wrote a cap in the contract, as in the maximum finished cost to cover everything detailed in the plans and itemized costs per room. All change requests were to be paid in cash up front at the time of mutual acceptance of the change order. Kept the contractor in line, knowing we were only going to pay a specific max amount for the work. Kept us owners in line from making changes and held the costs down. Squeezed out with help from the [URL=http://r.tapatalk.com/byo?rid=92568]svtperformance.com mobile app[/URL] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone negotiate a general contractors bid?
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