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Updated over 5 years ago on . Most recent reply

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32
Posts
5
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Mian Rizwan
  • St. Louis, MO
5
Votes |
32
Posts

Is my contractor ripping me off

Mian Rizwan
  • St. Louis, MO
Posted

Hi, recently came across a bid for office renovation. Contractors seems like a nice guy but following items in bid doesn't make any sense

-Project Management - 4275 $

-Coordination with trades - 2250 $

- Foreman - 1775 $

-Overhead 10 % =  10,082

- Profit 7% = 7058.03

Does this sound like a usual practice ?

My project cost seems to have exploded :(

Most Popular Reply

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6,860
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7,418
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,418
Votes |
6,860
Posts
Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

A contractor can not "rip you off" by charging a high price .  You can agree to the price and hire them , or you can decline and hire someone else . Contractor prices are not regulated . We charge what the market will bear . Most contractors have more work than they can handle , so therefore prices are higher 

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