Easily Hide Value Choice in the General Contract

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How to Hide Value Choice in the General Contract

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the following BL TV program is brought to you by OFlaherty law please enjoy welcome to learn about law my name is Kevin o Flaherty from OFlaherty law and today were going to explain general contractor construction contracts well talk about some of the most important clauses in these contracts and some of the negotiating points and things to consider with these clauses you should be aware that at learned - about - law comm we have an article associated with this video that goes into much more detail with respect to each of these clauses and include some other clauses were not going to talk about but for the sake of brevity were gonna highlight some of the most important parts of that article so first lets talk about the scope of work clause this lays out the work that the contractor is responsible for delivering in exchange for the compensation negotiated in the contract most important thing to consider in the scope of work clause is minimizing ambiguity in order to avoid litigat

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What should you not say to a contractor?

Seven Things to Never Say to a Contractor Never Tell a Contractor They are the Only One Bidding on the Job. Dont Tell a Contractor Your Budget. Never Ask a Contractor for a Discount if You Pay Upfront. Dont Tell a Contractor That You Arent in A Hurry. Do Not Let a Contractor Choose the Materials.

What is typically included in general conditions?

General conditions are services, equipment, and materials that general contractors provide to ensure that projects are completed as drawn and specified within the projects schedule. They include costs related to site management, project management, materials handling, and trash removal.

What are some of the potential issues with a GMP contract?

A GMP has some disadvantages for both parties. If contractors miscalculated the project costs they will have to incur losses on the project. Yet the contractor does not benefit if they are more efficient and are able to keep costs down.

How do you tell a contractor their price is too high?

Ask the contractor to explain why the price rose so dramatically from the initial estimate. He will likely say something about unexpectedly high expensive labor and materials. Request an itemized invoice, explaining that you do not feel comfortable remitting any payment until you can further examine this issue.

How do you tell a contractor a quote is too high?

You can politely decline a quote from a contractor by texting, emailing, or callingwhatever makes you feel most comfortable. Try a two-sentence note such as, Thanks for your quote and taking the time to look at our project. We decided to go with a different bid. Yes, it can be that short and easy.

What are the 4 types of contracts?

4 Types of Construction Contracts Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.

What do you say when an estimate is too high?

What to Say When Your Customer Says Your Price is Too High Gosh, I didnt think it cost this much. OK, is there any sort of discount if I pay cash? Well, guess Ill need to wait till next year. Im still waiting on some other estimates. Thats quite a bit higher than I thought it would be.

How do you haggle with a contractor?

8 No-Fail Tips for Negotiating With Your Contractor Shop Around for the Best Price-to-Quality Contractor. Research the Contractors Youre Looking to Hire. Pick the Right Time of Year for Better Prices. Offer To Save Money by Purchasing Supplies and Materials Yourself.

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