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The Water Cooler
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Inflation - Tulsa Home Builders Edition
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<blockquote data-quote="SlugSlinger" data-source="post: 3712541" data-attributes="member: 7248"><p>We built a few years back with what started out as a great builder. During the construction, the original builder was bought out by a different builder. We signed a lump sum contract with the original builder, then the same contract again with the new builder. </p><p></p><p>During the construction, the new builder started adding cost for their overruns, like concrete and site prep. I met with the entire team including the original builder and the new owner. I told them the contract we both signed was a lump sum agreement and not a cost + and they just couldn't start adding costs to the agreement.</p><p></p><p>They told me they were losing money because of the amount of lot work that was needed. They were building on my property. I asked them if they had even been to the site before they provided the contracted quote. They all looked at each other and said no, which flat out astonished me. They shut up and ate their overages after that meeting.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3712541, member: 7248"] We built a few years back with what started out as a great builder. During the construction, the original builder was bought out by a different builder. We signed a lump sum contract with the original builder, then the same contract again with the new builder. During the construction, the new builder started adding cost for their overruns, like concrete and site prep. I met with the entire team including the original builder and the new owner. I told them the contract we both signed was a lump sum agreement and not a cost + and they just couldn't start adding costs to the agreement. They told me they were losing money because of the amount of lot work that was needed. They were building on my property. I asked them if they had even been to the site before they provided the contracted quote. They all looked at each other and said no, which flat out astonished me. They shut up and ate their overages after that meeting. [/QUOTE]
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Inflation - Tulsa Home Builders Edition
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