Asking For More Money

 
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Old 04-08-2013, 10:37 PM   #81
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Re: Asking For More Money


And you suck- sorry but that's what she's gonna say every time someone even turns the TV to a home improvement show, every time she passes a home depot, every time she looks at a tool, you get the idea.
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Old 04-08-2013, 11:07 PM   #82
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Re: Asking For More Money


The Job should have never started. I don't even start a $5,000 job without enough money to cover my direct costs, let alone an $80,000 job.

How long have you been contracting?
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Old 04-09-2013, 12:53 AM   #83
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Re: Asking For More Money


are you ablle to by remain materil to finish

mabe you need tosee bankr or sel somthin got any toys boats motrcycl xtra truck

yu need to finish maybe not evrythin custom want jus finish an get cussomr to sin off


or else you need tomov away in middl of night go to anothr stat
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Old 04-09-2013, 01:09 AM   #84
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Re: Asking For More Money


Always, always, did I say always? Negotiate the money before you do the work. If you try after the work is done you've lost all your leverage.
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Old 04-09-2013, 01:14 AM   #85
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Re: Asking For More Money


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Originally Posted by Californiadecks View Post
Always, always, did I say always? Negotiate the money before you do the work. If you try after the work is done you've lost all your leverage.


he wa pass that now he need to bring ths to conculsion and considr it tuition in hard school of nocks


pay stupidtax
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Old 04-09-2013, 08:33 AM   #86
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Re: Asking For More Money


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Originally Posted by elbud433 View Post
Thank you for your advice everyone. Update., I spoke with the homeowner today. I explained her that we are running short of money and need approximately 10% more. I'm surprised how She reacted to it. Calmly, She said that the bank would not give her any more money. Which I did confirm that with the bank. She said that she did not have any money in your savings. She did mention me doing extra work for her for free. Which she would buy the materials for to help absorb the cost . i did catch her lying to me about a few things. The bank gave her a draw schedule. That she never introduced to me. I am just finding this out. I told her I would brainstorm tonight. And she should brainstorm also so that we can come up with a meet in the middle decision. That's where I am left right now
I don't get this... so you are shy $8K of which includes items that were above and beyond your contract and for which there should be Change Orders, but now you think she is somehow doing you a favor by getting MORE, as in EXTRA, work done for FREE where she is buying the materials to "absorb the cost", even though she "has no money"? So she has no money to give you towards the $8K but she DOES have money for the materials for EXTRA work?

Work it out does not mean bend over a barrel...

If you want to work MORE for FREE that of course is your prerogative, but that should not even BE a consideration unless she cough's up the $8K. Your immediate response to her offering to buy materials while you work EXTRA for FREE should have been - "I am confused, I thought you said you did not have money for the $8K in overages but you DO have money for materials for EXTRA work that you want me to do for FREE?"... Her only response to that would be that she would have to use a credit card... and your response would be then she needs to take a cash advance to satisfy the $8K before you agree to give her MORE OF YOUR LIFE for FREE...

Banks don't give $80K loans to people with no savings and maxed out or no credit cards...

People who get approved for $80K loans especially in this financial climate DO have access to money, and to be frank where she gets it is NOT your problem...

You said your contract states - "if costs are too low for unseen factors or events than both parties will make a good faith effort to modify the change."

So "good faith" to you means that you provide MORE work for FREE while she doesn't satisfy the $8K she already owes you? That's certainly a GREAT modification for her...

You asked me what would I do... with the limited information I have and the weak hand you are playing on this I would tell her the following... This is based on the assumption that they are happy with the work itself, just not the schedule and costs...

"Mary, let me start off by saying that I appreciate your business and my sole goal here is to bring this project to a close for both of us. Straight to the point, we contracted together for a project totaling $80K, of which I did not require any money from you upfront and in fact ABSORBED $20K upfront moving your project forward in good faith. As projects of this size most often do, and for which we talked about this potential in the beginning, we ran into some delays and modifications to the schedule that were beyond our control (like the trusses). The schedule was also modified by the discovery of rotted joist, plumbing, etc... Once again, I put out the money for these costs upfront, but they contributed to the $8K in overages we discussed yesterday. Changes are addressed in our agreement and the costs are above and beyond the original agreement. Additionally, because of the modifications to the schedule, we were trying to be accommodating by letting you move back in before we were finished, but in hindsight, this just added more time to the schedule as we both had to work around one another which I think added to both our stress loads.

One of the reasons we place in the agreement that we supply the materials is also for scheduling purposes so we are not working around the materials and to avoid damage and in that, there is also a mark-up that we are now also short on because you bought the materials instead of letting us do so as it states in the agreement.

Now all that said, what's important here is how we bring this project to a close so we both can move forward. We discussed yesterday me providing EXTRA FREE labor for you for additional work that you would like for which you would buy materials. I am willing to entertain that only because I recognize that in a business relationship we need to work with each other and there were some extraneous circumstances on this project. But I can't do that AND ignore a portion of the $8K in overages that are due. As I did from the beginning, I've already put that money out in good faith and I need the $8K to be reimbursed to finish the project. I don't know your personal finances, as I took on the project based on trust, and didn't require any credit checks, etc.. but what I do know, and which was one of the reasons why I put out $20K upfront before asking any money from you, is that banks don't give out $80K loans to people without assets, credit cards, etc.. in this financial climate... So I will leave how you come up with the $8K in your hands as your personal finances are none of my business except how it affects being reimbursed for the money I already put out and the money needed to complete the project. Remember, part of the $8K is also needed to finish the job which is both our goals. The more we delay in getting this $8K satisfied, the longer it will take to get the project finished and what I don't want to happen is a delay in getting this money which can lead to me having to start our next project and then finishing yours piece meal, but I have to earn a living and feed my family. I need to be clear, I cannot move forward to complete this without the $8K..."


Now, it is EXTREMELY important that no matter what they say you keep your cool, do not raise your voice, and keep reiterating that you already put the money out in good faith and that it needs to be reimbursed and that part of the money is also needed to finish the project.

Remember, they wouldn't be asking you to do EXTRA work for FREE if they weren't happy with your work... remember that if it ends up in court...

Best of luck... 8^)


.
P.S. - I agree with LEO, get a different lawyer... All he said was try to work it out first? No suggestions of how using your agreement? Hope it was a "free" consultation... but at least you followed through and actually contacted one...

Last edited by KAP; 04-09-2013 at 08:59 AM.
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Old 04-09-2013, 09:09 AM   #87
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Re: Asking For More Money


Thank you for that. It does make a lot of sense Use exactly what you stated because that is pretty much what is going on. I will let u know how it turns out
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Old 04-09-2013, 01:52 PM   #88
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Re: Asking For More Money


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Originally Posted by Mavis Leonard View Post
are you ablle to by remain materil to finish

mabe you need tosee bankr or sel somthin got any toys boats motrcycl xtra truck

yu need to finish maybe not evrythin custom want jus finish an get cussomr to sin off


or else you need tomov away in middl of night go to anothr stat
http://www.iespell.com/
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Old 04-09-2013, 03:30 PM   #89
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Re: Asking For More Money


That's what you get with iSpell if you know how the word is spelled.

Quote:
maybe you need to see banker or sell something got any toys boats motorcycle extra truck

you need to finish maybe not everything custom want just finish an get customer to sin off

or else you need Molotov away in middle of night go to another stat
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Old 04-09-2013, 05:31 PM   #90
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Re: Asking For More Money


.........



B,
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Old 04-09-2013, 05:46 PM   #91
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Re: Asking For More Money


Dustine the contract that it is possible if they're on for seen circumstances or events in that were not originally foreseen it could be a price increase in both parties will try to make an agreement on the price. With that being said, the homeowners know from day one that there was a possibility for price increase and is that my fault that they claim to have no money? When from since day one the contract states that There can be added costs
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Old 04-09-2013, 06:04 PM   #92
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Re: Asking For More Money






B,
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Old 04-09-2013, 06:08 PM   #93
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Re: Asking For More Money


Quote:
Originally Posted by elbud433 View Post
Dustine the contract that it is possible if they're on for seen circumstances or events in that were not originally foreseen it could be a price increase in both parties will try to make an agreement on the price. With that being said, the homeowners know from day one that there was a possibility for price increase and is that my fault that they claim to have no money? When from since day one the contract states that There can be added costs
So, the contract states that there may be added costs, but you never verified if the homeowner had the money or proper financing, nor did you get a deposit, nor did you set up a proper draw schedule.
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Old 04-09-2013, 06:16 PM   #94
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Re: Asking For More Money


Post your contract elbud and you'll get a lot more info.
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Last edited by Shellbuilder; 04-09-2013 at 06:24 PM.
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Old 04-09-2013, 06:39 PM   #95
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Re: Asking For More Money


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Originally Posted by Leo G View Post
That's what you get with iSpell if you know how the word is spelled.


"maybe you need to see banker or sell something got any toys boats motorcycle extra truck

you need to finish maybe not everything custom want just finish an get customer to sin off

or else you need Molotov away in middle of night go to another stat"

Wow, iSpell is harsh. Maybe it was programmed by ex-Mafia.
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Planer.....
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Old 04-09-2013, 06:42 PM   #96
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Re: Asking For More Money


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Wow, iSpell is harsh. Maybe it was programmed by ex-Mafia.


my cognitive therapist forbid me to us aids fr spellin an stuff

that is what he need todo burn her dam hous down problem solve
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Old 04-09-2013, 07:03 PM   #97
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Re: Asking For More Money


I feel bad for anyone in this kind of a predicament but the drama is better than cable. It's like watching a show called "Worst Case Scenario" which means even if all of this works out somehow, it's still going to be bad. Wallets, egos, bank accounts, reputations etc. etc. etc. are going to be hurting. I just hope the employees aren't getting the short end because the boss made a few mistakes.

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Old 04-09-2013, 07:15 PM   #98
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Re: Asking For More Money


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I feel bad for anyone in this kind of a predicament but the drama is better than cable. It's like watching a show called "Worst Case Scenario" which means even if all of this works out somehow, it's still going to be bad. Wallets, egos, bank accounts, etc. etc. etc. are going to be hurting. I just hope the employees aren't getting the short end because the boss made a few mistakes.
Employees?

Yeah, right!
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Old 04-09-2013, 07:16 PM   #99
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Re: Asking For More Money


Ya. "Subs"
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Old 04-09-2013, 07:18 PM   #100
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Re: Asking For More Money


damn i cant take mysel frm this thread watching it is like trainwreck who will survive who will beparalyze or braindead ordisfigure

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