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Update pg 3 - Had to fire contractor for home reno and need to recover costs:
Posted on 6/29/16 at 11:03 am
Posted on 6/29/16 at 11:03 am
We hired a contractor a while back to do some work on our house. His contract included a clause that he owes us 3% of the total cost of the contract for every 5 days that he hasn't finished by the completion date in the contract.
Apparently, he had grossly underbid some work and does not have enough money to buy the materials to finish the project. This led to him firing all of his subs and staff and trying to do a lot of the work himself, in which he was not qualified to do. This led to some shotty work that will need to be redone. When we found out him running out of money, he was already several weeks past the contract completion date, and we had paid in full because of the 3% late penalties. We terminated the contract with him because he cannot ensure us when he will complete everything. We got quotes from other contractors, and there is probably about $10-12K worth of work to be done, including materials.
Do I have a legitimate claim to make him pay for all of this? It get's really confusing because of the 3% late penalties. One advantage that we have to collecting money is that I paid for everything via credit card, so I can dispute charges if need be. Any advice would be much appreciated.
Update - I filed a credit card dispute for less than $10k in July. A few weeks ago my bank sent me a letter confirming that the dispute was resolved and they awarded me the full amount requested.
Apparently, he had grossly underbid some work and does not have enough money to buy the materials to finish the project. This led to him firing all of his subs and staff and trying to do a lot of the work himself, in which he was not qualified to do. This led to some shotty work that will need to be redone. When we found out him running out of money, he was already several weeks past the contract completion date, and we had paid in full because of the 3% late penalties. We terminated the contract with him because he cannot ensure us when he will complete everything. We got quotes from other contractors, and there is probably about $10-12K worth of work to be done, including materials.
Do I have a legitimate claim to make him pay for all of this? It get's really confusing because of the 3% late penalties. One advantage that we have to collecting money is that I paid for everything via credit card, so I can dispute charges if need be. Any advice would be much appreciated.
Update - I filed a credit card dispute for less than $10k in July. A few weeks ago my bank sent me a letter confirming that the dispute was resolved and they awarded me the full amount requested.
This post was edited on 10/13/16 at 12:13 pm
Posted on 6/29/16 at 11:05 am to SUB
You'll never get back one penny.
Posted on 6/29/16 at 11:10 am to SUB
Chalk it up as a lesson in construction. Always vet your subs.
Posted on 6/29/16 at 11:14 am to SUB
You are dumb for paying in full up front
Posted on 6/29/16 at 11:15 am to SUB
Sue him and file complaint with contractors board so he won't do this to other people if you used credit card dispute transactions don't just say goodbye to your money fight for it you may never get back but at least try
Posted on 6/29/16 at 11:19 am to SUB
confused about you paying in full before the work is done(big mistake btw,) if the contract stipulates that he would be penalized for going over the completion date, anyway, he's a fly by night that took your money to try and keep his head above water or buy/pay for labor/materials for other jobs that were in progress, or go to Vegas, anyway, it's highly unlikely that you'll ever see any money from him, he's broke, life lesson, move on, and never pay in full in advance for a job like that
Posted on 6/29/16 at 11:20 am to SUB
Never even pay half up front.
The only way you'll see something back is if he's bonded with the state. Then you can try to go after the bond. I don't know if that's required there. If he is, tho, all you would need is his contractor's lic or possibly his business lic.
The only way you'll see something back is if he's bonded with the state. Then you can try to go after the bond. I don't know if that's required there. If he is, tho, all you would need is his contractor's lic or possibly his business lic.
Posted on 6/29/16 at 11:22 am to SUB
NEVER PAY A CONTRACT IN FULL UNTIL THE WORK IS DONE!!!!!!!
Posted on 6/29/16 at 11:23 am to SUB
What you get for taking low bid, instead of most qualified bid.
Posted on 6/29/16 at 11:27 am to SUB
SUB - I'm like the other guy who stated "lesson learned". His bad work has nothing to with it because he was trying but you terminated the contract which I assume means you fired him. If I hire someone to do a 100 foot fence and they do the fence but it looks like crap, I still have to pay them. Shoddy work or not, I hired them and they built the fence. Trust me, I've seen it all and heard it all when it comes to contractors. Learn from it and move on. It was YOUR decision to hire this guy so YOU must accept that. Live and learn my brother. Live and learn.
Posted on 6/29/16 at 11:43 am to SUB
Is he a licensed, bonded, and insured contractor and was having a bond stipulated in the contract? If so get with a lawyer and call his bond in.
Posted on 6/29/16 at 12:05 pm to SUB
quote:
When we found out him running out of money,
When we found out he was running out of money,
FIFY
Oh and, you'll never see a dime of that money back. You should've used Amazon Home services, they background check and perform a quality check on contractors that use their platform. Angie's List will even guarantee the work of the contractor up to $10K if shoddy work is performed. You should've done a better job researching contractors, I guess this is a hard lesson for you to learn.
This post was edited on 6/29/16 at 12:10 pm
Posted on 6/29/16 at 12:08 pm to SUB
Don't take the low bid. Best advice there is.
No, you won't have any luck recovering your money. You just paid a lot of tuition to the school of hard knocks to learn to not take the low bid. Take the middle bid.
No, you won't have any luck recovering your money. You just paid a lot of tuition to the school of hard knocks to learn to not take the low bid. Take the middle bid.
Posted on 6/29/16 at 12:34 pm to SUB
A lot of times a judgment is worth only the paper it's written on. This sounds like it may be one of those times.
Posted on 10/12/16 at 7:46 pm to SUB
He already lost his arse. Chalk up to a bad decision on your part for hiring the cheapest.
Posted on 10/12/16 at 7:49 pm to SUB
Can't get blood from a turnip. The dude is obviously broke. Sometimes the cheapest bid is not always the cheapest.
Posted on 10/12/16 at 7:57 pm to SUB
Who was this contractor? I'm looking for one right now and am terrified of getting screwed? Is this in SELA?
Posted on 10/12/16 at 8:43 pm to SUB
Your money is gone. Did you check references or anything before hiring him?
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