Cost Plus, Included Vs. Excluded Language

jhammer7

I usually do large remodels on a cost plus basis. Last one though the client wanted to exclude some large parts of the project thereby reducing my fee.

I did a search of the business forum and did not come up with anything for cost plus projects. I'm looking for some language on what to include or exclude for my next one.

Does anyone know of a good template for that sort of thing?

Thanks, J

knucklehead

What do you mean by large parts?

Explain.


Experience.

What is the template for that? What is it worth?

griz

How about an introduction!!

On the jobs I have done cost plus means just
that. I liked it because the job was flexible and the
owner could add or deduct as they saw fit.

It almost sounds like you were counting your potential
profit and then lost a chunk for take aways.

angus242

Who are you....who, who...who, who

An introduction will help.

__________________
Angus
L+M+O+P=C
"Promise only what you can deliver. Then deliver more than you promise"

rselectric1

See posts 2, 3, and 4.

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jhammer7

New here, sorry if i'm unfamiliar with the etiquette of posting.

"Large parts" was referring to say the kitchen. I'm looking to avoid a situation where the owner and I agree on the scope of work, develop a budget of which a fee will be calculated and then the once we start the homeowner says "well thanks for getting this all closed in, and we'll buy all the big ticket items from here on...." etc.

Where do the introductions go?

J

Leo G

Go to Introductions

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Custom Cabinets in Hartford County Connecticut

jhammer7

Thanks,

Posted an intro and filled in the profile, hope that helps.

Leo G

More better

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http://lrgwood.com
Custom Cabinets in Hartford County Connecticut

DaVinciRemodel

Angus, where's your manners? You sound like an owl. It's a new guy - it's not like he told you to get a haircut

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rselectric1

Now he needs his beard cut.

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220...221...whatever it takes!

angus242

It was my best superbowl half time show reply

__________________
Angus
L+M+O+P=C
"Promise only what you can deliver. Then deliver more than you promise"

rselectric1

I hope you're watching a rerun. If not that earthquake here this morning shook us up more than we thought.

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DaVinciRemodel

Much better How long you been at this? Are you a paper contractor? Hands-on? Give us something to work on. You asked a vague question that will receive 10 different answers.

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DaVinciRemodel

jhammer, My standard is to bill $1,000,000 and give them the change at completion!

__________________
"Being willing is not enough; we must do". Leonardo da Vinci

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griz

"Large parts" was referring to say the kitchen. I'm looking to avoid a situation where the owner and I agree on the scope of work, develop a budget of which a fee will be calculated and then the once we start the homeowner says "well thanks for getting this all closed in, and we'll buy all the big ticket items from here on...." etc.

When I do a high dollar job, any job for that matter, I consider it a huge bonus if I don't have to fool with the appliances. I'll install them, but between shipping delays, back orders, freight damage, that's not the color I wanted or that's the wrong model let the owner go to Home Cheapo or where ever and absorb the headache. Then when something is wrong or doesn't work you're off the hook. It still seems to me your crying sour grapes because you projected a profit & didn't get it. Don't forget it was cost plus.

J[/quote]

angus242

If the NFL could use a band that's been around since the 60's, I felt I could use a reference from Sunday.

__________________
Angus
L+M+O+P=C
"Promise only what you can deliver. Then deliver more than you promise"

DaVinciRemodel

[/quote]

griz and jhammer, There was a thead here not to long ago about "loaded Hourly Rate vs ???". I couldn't find it quickly and need to run. It was a good thead if you can find it. If not "I'll be back" - tomorrow.

__________________
"Being willing is not enough; we must do". Leonardo da Vinci

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jhammer7

Been at it ten yrs, working eight days a week right now! Have two projects going. Both are challenging remodels, (found old work and wiring that makes you want to find the guys that did it and ask them " why? and how could you do that?"), but timing is working out right so far.

Finished framing the roof yesterday and laid the grace just as it was getting dark. Built the cheek walls today as the wind was picking up and spent the rest of the day tearing out ceilings with vermiculite remnants.

Broke my favorite hammer last week

rselectric1

Exactly the way I look at it.

With appliances, they can shop you in a big way too. (Appliances can be compared apples to apples) I don't even sign for appliance deliveries. (Many times I am asked to because I am there for their 8 hour window) When I have had to do this (and this is very rare), I make the delivery personnel open each box, and I spend time examining each one in ridiculous detail.

As soon as you become a middleman for any type of appliance, you open a pandoras box. IMHO

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