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Old 12-08-2006, 07:23 AM   #16
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Contractors and contracts


Sounds like the Contractors above don't do any public work. Liqudated Damages are usually $500/day for my projects so thats some incentive to get it done on time. Unforseen circumstances can be addressed in change orders if its reasonable. Average weather delays are included in the project so thats not an issue. Anything over the average is added to the contract via change order.

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Old 12-08-2006, 07:48 AM   #17
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Go to a bookstore and get a copy of Markup and profit, a contractors guide by Stone. It's got a cd with it that is full of contracts
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Old 12-08-2006, 10:23 AM   #18
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Quote:
Originally Posted by ncgrogan View Post
Sounds like the Contractors above don't do any public work. Liqudated Damages are usually $500/day for my projects so thats some incentive to get it done on time. Unforseen circumstances can be addressed in change orders if its reasonable. Average weather delays are included in the project so thats not an issue. Anything over the average is added to the contract via change order.
I do public projects, and I have never had a "liquidated damage clause". Now granted, I have a small company compared most multi million dollar contractors that do the lager scope of public work, but where the point is missed, is that we are discussing a GC to build a home, not construct a prison or city hall. If this guy finds a GC that will sign on for liquidated damages, then he will have hit a home run....and found a guy that could easily miss, and not have the financial ability to pay said damages.....and I promise you, finacial statements of my company are NOT available for scrutiny by any customer...that is why we have builder's risk and all applied insurance. My insurance carrier would not cover liquidated damages...that would be a policy in and of iteslf.

Many of us in the field, running succesful companies, did not get here doing dumb things....we know what works...now while some will disagree, and some, as the above post indicates, have a different opinion...we do what works for us. It does not mean we are lazy, incompetant, foolish, or rip off artists....what this thread indicates clearly is why we screen customers, so we don't have problems like the one created by the original poster. My business, and I am sure Atlantic and our other contractors that post here, is based on honesty and integrity....it does not mean every GC/contractor operates on the same wave length.....so do your homework, check references carefully, insist on copies of the contractor's insurance....then discuss your project. Find the right GC, and you won't have to worry about a time line.
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Old 12-08-2006, 11:01 AM   #19
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While I can see your point and if I myself was a contractor, I would do the same thing, I still would advise a homeowner to try and find a contractor that will give a set date. I have had Ld's of $500/day on contracts of as little as $40k without issues. The work was solicited and I used an abbreviated aia contract and had the contractors tell us when they were going to be finished. The contractor finished on the exact day he gave even with weather delays and incorrect work that had to be torn out and redone. I would never as a homeowner sign a contract without a deadline. The problem I can see, however, is that you probably get homeowners who do not spell out specifically what work is to be done, provide specs, etc. That would be a problem from a contractors point of view. I certainly would not agree to do work with a home owner that says "Yea I wanna tear this wall out, put some new windows in, and redo the kitchen. How much is it going to be and when can you finish?"

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