Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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 almost 2 years ago, 01/17/2023

User Stats

12
Posts
1
Votes
Matthew Hubbell
  • Lender
  • San Diego, CA
1
Votes |
12
Posts

Contractor claims construction costs changed…after completion, billing and payment

Matthew Hubbell
  • Lender
  • San Diego, CA
Posted

Looking for advice on construction costs that a contractor claims changed…after the work was completed, billed and paid.

I recently finished renovating a property. My contractor billed for the first unit (#4) when renovations were completed in April 2022, invoice was paid immediately. He chose not to bill for the remaining work until the rest of the units were completed. His final invoice includes $8k of additional costs on unit #4. He claims the prior invoice mistakenly included unit #4 renovation at cost, without labor and a few subcontractor invoices that trickled in later. Keep in mind, his initial invoice which I paid 8 months ago, reads “here is the final invoice for unit #4.”

Had the contactor raised this oversight within a reasonable time period, it could have been easily resolved. At this stage (8 months later), I question his validity. 

This feels like purchasing a new car, driving off the lot and being told that the dealership forgot to charge for floor mats when you go in for your first oil change. End of the day, my goal is to improve the homes for my tenants and turn a profit. I believe in honoring contracts and don’t ask others to pay for any mistakes I make. 

I appreciate any thoughts on how to handle the situation and if I'm obligated to pay the new bill. Fyi, I won’t be working with this contactor on future deals, for this and other reasons.  

Thanks

Loading replies...