20% sounds normal for a general contractor.
Neighbors trying to get small remodeling jobs done tell me the market is so good right now the contractors only want big projects like $100K+ and flat-out tell people they don't want the smaller jobs. Not sure if that's what you are running into, or fraud as you suspect. I have a certain amount of sympathy for a contractor doing a small project which maybe involves the same a mount of work pulling permits, getting inspections, supervising the workers, and meeting with the homeowner as a larger project, yet pays a smaller amount. But insurance companies weren't born yesterday and presumably know what it should cost to get the job done. From: AF <[email protected]> On Behalf Of Sterling Jacobson Sent: Tuesday, March 5, 2019 8:29 AM To: AnimalFarm Microwave Users Group <[email protected]> Subject: [AFMUG] OT Insurance Fraud? I have an insurance claim for a home project that pays out about $15k. The insurance itemization shows a 10 and 10 overhead and profit for each item, so 20 percent of that $15k goes to the restoration company for management or whatever. When I was given a budget for materials to pick on restoration it seemed rather low so I challenged them on their itemization. They flat out told me 20 percent isn't enough, so they take out 45 percent, or roughly half of that $15k goes to the management/restoration company instead of 20 percent. The rest is used for the actual labor and materials to get the job done. Is that normal? Should I just let them eat all that money, or should I be shopping around for another restoration company that thinks 10 and 10 is enough for them?
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