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welcome everyone let me start by reminding you of our two-day class making the numbers work in construction in Portland Oregon on April 23rd and 24th this year you can find more information about this class at markup and profit.com forward slash class also I would like to remind you of the online class next Thursday February 13th at markup and profit.com /live in that class were going to be talking about letters of intent welcome to the recording of our regular newsletter today were going to talk about time and material woes its always painful when we hear from a contractor who has a homeowner trying to put the screws to them in this situation the homeowner is a professional and that makes it harder to deal with let me outline what happened last fall the homeowner who is an attorney and a large well-known law firm contacted for a whole house remodel the estimate for the job was a little over $300,000 the contractor wrote up a time and material contract and gave it to the homeowner w
