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Question DetailsAsked on 6/23/2012

general contractor

Type here...when hiring a general contractor for entire kitchen remodel and removing wall, etc...when does his initial conciltation or what is a fair amount of time for the Contractor to wait on the client's decision if there are many factors to the job? Also, what is the standard payment terms if paid in three installments..percentage wise and at what stage of the job? what is a fair overhead % to pay and what is a fair price for hourly rate over and above the agreed items on contract..should it be in the contract? if he has to do 'clerical' work should that be what his labor per hour rate be?

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nowadays 80% of jobs looked at don't even get back to contractors.

so really if you have decided on 1 contractor yet, you can take all the time you want.

if you have decided it would be best to let them know you are nearing a decision and that they are in the ballpark so to speak, just so you have no problems with scheduling.

alot of people forget that a contractor is not siting at home waiting on the phone to ring for their specific project.

we do this for a living, so time is everything.

payments are usually in 1/3.

the way we do it is as follows.

1/3 at beginning

1/3 after rough inspections ( electrical,plumbing, rough framing)

1/3 upon sign off of permit.

depending on size of project a contractor will also ask for a payment for materials along with 1st payment.

everything should be stated on contract.

usually there is no fee for the clerical side of for the smaller to mid size contractors as they do all the clerical work also.

Answered 4 years ago by pats fan




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