We’re currently interviewing general contractors for the new house and have run into two situations I hope someone can help us with. Please note that i want to be fair to the GC but also not get ripped off. I’m all for people making a living but I want to be treated fairly.
All of the GCs i’ve talked to do cost + (the + amount varied a lot more that i would have thought leaving me wondering what I’m missing, but that is another question). However, some of the GCs say they charge the + on the bids and they’re willing to show me all the bids, others charge the + based on the actual receipts and that they are willing to show me the receipts and another seemed somewhat offended that i asked about seeing the receipts and not just the bids. Finally, one GC (the most expensive) said that the game some GCs play is to show & charge you based on the bids, but then they actually beat up the subs to get a better price and keep the difference for themselves. Anyone out there deal with this situation and if so what did you do? Again, i want to be fair and am willing to pay for the GCs experience and knowledge but i don’t want to be ripped off
if the GC or his/her subs mis-bid a job who should be reasonable for the overrun. I’m not talking about a 1% difference between actual cost and the bid, I’m talking about 5% or more. My friend just had the GC tell him he screwed up on the siding bid and that the actually cost is another $10K and he expected my friend to pay up!! An unexpected $10K on just one item would really screw up my budget so how do i protect myself from getting hosed? I don’t want to end up hiring a GC that has purposely underbid so how do i avoid that (other than not hiring the lowest bidder?)?
Thank you to all for your help.