Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

26
Posts
11
Votes
Michael Ream
  • Investor
  • Des Moines/Chicago
11
Votes |
26
Posts

Issue with contractor: works too slow!

Michael Ream
  • Investor
  • Des Moines/Chicago
Posted

So I hired a contractor to refinish a basement: frame, drywall, skim coat and paint walls, paint ceilings (joists) and concrete floors, add a bathroom and laundry room, update electric. Work is going well enough, but rather slow: signed contract includes a section that states "substantial completion" will be done on or before 35 working days after work begins. Today is the 37th working day, and it doesn't look like they'll be done anytime soon.

My question: for future projects, is there language I can put in the contract of penalty(ies) (monetary, etc.) if the contractor has not completed the project by the date listed in the contract? Interested in hearing others' experiences and how they enforced such penalties.

Most Popular Reply

User Stats

2,465
Posts
3,857
Votes
Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
3,857
Votes |
2,465
Posts
Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
Replied

Whoa!  Did you get a Scope of Work?  Did you agree to what would be completed each week?  Did you agree on when payment would be made based on completed work?  Your issue isn't "language" - it's knowledge of construction, scheduling, and the payment based on completion - not the job.  

At this point, sit down with the contractor and review what is done by task - and what is left to be completed.  Ask that each uncompleted task have a time assigned to it - be very specific.  Either visit the job site daily/weekly; I recommend having him text you with an update on what was completed on a daily basis.

Take the time to find a Scope of Work template.  There are several online and here in BP.  Complete it with the contractor on the remaining work.  

You can fine tune the language and still not have the results you want...learn the business of construction and manage from the Scope of Work.

Best...

Loading replies...