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Updated over 10 years ago on . Most recent reply

User Stats

34
Posts
12
Votes
Shannon Elam
  • Investor
  • Alsip, IL
12
Votes |
34
Posts

Confused

Shannon Elam
  • Investor
  • Alsip, IL
Posted

Hello BP. 

My first flip is currently in process. The contractor is okay, but I have a question. We allowed our contractor to use our store credit card to buy supplies to rehab our house. For the most part he has done that, but he also bought major tools to do the work such as a miter saw ($400) and a power painter ($320). My question is:

(1) Do we keep these tools?

(2) Let him keep the tools and take the cost off his labor?

Is it normal for a contractor to buy major tools like this on the client's dime?

Most Popular Reply

User Stats

25
Posts
12
Votes
Gregory Zanolini
  • Doylestown, PA
12
Votes |
25
Posts
Gregory Zanolini
  • Doylestown, PA
Replied

It is not common to give your contractor free range with your account.

I'm a GC and I always supply my customers with written proposals that include all labor and materials. If you worked out a deal to supply building material than you should purchase and deliver them yourself.

If I were you I would want to be reimbursed for these tools. They may be of no use to you in the future.

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