Remodeling undertaker of a package deal Rip-Off - If Your Quote Is To Good To Be True It Probably Is

Just recently I lost a bid for a large kitchen addition. I must admit I was very disappointed when I learned an additional one undertaker of a package deal had been chosen. But, what I found most disturbing was that the winning bidder was roughly 50% less than myself and the other undertaker of a package deal bidding the job.

When speaking with the homeowner I asked if he had any concern that the bottom bidder might not be credible. He informed me that this particular undertaker of a package deal was about to start a very large task and if he (the homeowner) agreed to get started right away the undertaker of a package deal would be able to save him a lot of money by ordering all of his materials when he orders the material for the large project. I was shocked to hear that this scam still works.

Carpentry Framing

So once and for all I will explain how the scam works. It works because we've been conditioned to believe that the more widgets we purchase, the cheaper they will get. And of policy that's true to a point; we don't expect to buy so much that it's below the supplier cost. The scammer relies on the fact that most population believe they can keep buying down the price, and let's face it; the homeowner want's to believe they have beaten the ideas and found a great deal. Once the homeowner is hooked it's simple, just get them to sign a compact (no doubt a very uncomplicated contract) and gather the deposit. No work need be completed; this deal is 100% profit. What the undertaker of a package deal knows and the homeowner doesn't is the deposit is less than the cost to hire an attorney. This is why a criminal undertaker of a package deal will continue this scam for years. In most cases the homeowner later discovers that large task whether did not exist or had no affiliation with his contractor.

Still not convinced this is always a scam? consider you're the owner of the very large task that this material is getting tacked onto. And also consider finding material leaving your job on a regular basis. I would dream that you would not allow this to continue for very long. How would you (as the owner) know what material belonged to who as it left your job site? What you also might not be aware of is that in most cases, whether it is a large home or commercial building, the owner or owners hire a task manager to oversee all contractors and of policy account all material. Ultimately if deep down you're a gambler and still want to give this a shot, here are a few suggestions.

1. All material must be delivered to your house directly from the suppliers on a marked truck.

2. Need a sworn statement and / or waiver of lien from all material suppliers.

3. No deposit! Pay upon completion of work. I.e. You pay a quantum upon completion of carpentry (rough framing); a quantum after electrical, etc.

The no deposit item will probably be a deal killer and it's true that most reputable contractors will Need a down payment. But this contractors bid is so low, that he needs to prove to you that he is legitimate. If you're willing to take a risk and operate exterior the norm than so should he! Good luck.

Remodeling undertaker of a package deal Rip-Off - If Your Quote Is To Good To Be True It Probably Is

Just recently I lost a bid for a large kitchen addition. I must admit I was very disappointed when I learned an additional one undertaker of a package deal had been chosen. But, what I found most disturbing was that the winning bidder was roughly 50% less than myself and the other undertaker of a package deal bidding the job.

When speaking with the homeowner I asked if he had any concern that the bottom bidder might not be credible. He informed me that this particular undertaker of a package deal was about to start a very large task and if he (the homeowner) agreed to get started right away the undertaker of a package deal would be able to save him a lot of money by ordering all of his materials when he orders the material for the large project. I was shocked to hear that this scam still works.

Carpentry Framing

So once and for all I will explain how the scam works. It works because we've been conditioned to believe that the more widgets we purchase, the cheaper they will get. And of policy that's true to a point; we don't expect to buy so much that it's below the supplier cost. The scammer relies on the fact that most population believe they can keep buying down the price, and let's face it; the homeowner want's to believe they have beaten the ideas and found a great deal. Once the homeowner is hooked it's simple, just get them to sign a compact (no doubt a very uncomplicated contract) and gather the deposit. No work need be completed; this deal is 100% profit. What the undertaker of a package deal knows and the homeowner doesn't is the deposit is less than the cost to hire an attorney. This is why a criminal undertaker of a package deal will continue this scam for years. In most cases the homeowner later discovers that large task whether did not exist or had no affiliation with his contractor.

Still not convinced this is always a scam? consider you're the owner of the very large task that this material is getting tacked onto. And also consider finding material leaving your job on a regular basis. I would dream that you would not allow this to continue for very long. How would you (as the owner) know what material belonged to who as it left your job site? What you also might not be aware of is that in most cases, whether it is a large home or commercial building, the owner or owners hire a task manager to oversee all contractors and of policy account all material. Ultimately if deep down you're a gambler and still want to give this a shot, here are a few suggestions.

1. All material must be delivered to your house directly from the suppliers on a marked truck.

2. Need a sworn statement and / or waiver of lien from all material suppliers.

3. No deposit! Pay upon completion of work. I.e. You pay a quantum upon completion of carpentry (rough framing); a quantum after electrical, etc.

The no deposit item will probably be a deal killer and it's true that most reputable contractors will Need a down payment. But this contractors bid is so low, that he needs to prove to you that he is legitimate. If you're willing to take a risk and operate exterior the norm than so should he! Good luck.

Remodeling undertaker of a package deal Rip-Off - If Your Quote Is To Good To Be True It Probably Is