How do I know if my contractor is charging a fair rate for labor, foreman, etc.?

I was suprised to find that my General contractors rates were so …..well high. How can I tell if I’m being ripped off?

Our general contractor charged 10% over the billed cost of all labor by the subcontractors. From what I read, that is pretty standard. Be sure to interview at least three contractors and ask for bids. Also, ask around–the better contractors are more expensive, but most people are pretty honest about that. We had a great remodeling experience, but we paid for it.

When we interviewed contractors, we asked who they use as subs. Then we were able to call the subs directly to get their hourly rates and compare prices as well as ask around the community about their reputation.

If your contractor only works with the best subs, he must be pretty good at paying his bills and keeping steady work. You may pay a bit more for the better subcontractors, but usually you get what you pay for in the world of remodeling and home repair.

We were able to request certain subs from his list to control spending to some extent.

Be sure to get business cards of subs working on your house. Later on if you need a plumber, electricial, or other worker, you have a number to call for reputable help.

President Kennedy & Advisors Discuss Steel Prices – Part 1

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