Contractor Delays Cost You More Than Time
Contractor delays cost you more than time. There’s more to it than just frustration. Find out how to safeguard against delays. We were hired by a client where they hire a contractor to do a major job it was supposed to be a six month project that took a year and a half into the project.
And what we see time and time again in those situations is where the contractor actually has been paid almost all their money up front, or receive the majority of their payments, and there’s still a significant amount of work to be done, and unfortunately, contractors are only typically motivated by getting paid, so if a contractor’s already been paid, their desire to finish the project isn’t Paramount.
And so my recommendation to you is if you hire a contractor, make sure the language specifically states when the payments are going to be made and reserve getting the majority of the money until a significant portion of the project is done to ensure that you aren’t delayed in getting the project done.
Time is money. Let us protect both for you.