Comments on: 6 tips for choosing a contractor http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html Escape the Rat Race and Join My Journey to Financial Freedom Wed, 08 Feb 2012 05:13:04 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Plumbing Contractors http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-7055 Plumbing Contractors Sat, 21 Nov 2009 23:04:59 +0000 http://www.millionaireacts.com/?p=1846#comment-7055 Homeowners can save a lot of money by educating themselves on the <a HREF="http://www.contractor-city.com/plumandhvac.html" rel="nofollow">plumbing</a> process before hiring a contractor or attempting any serious DIY. This will help them get the best value on their project, communicate clearly with plumbing professionals, and ensure that they really are using construction best practices. Homeowners can save a lot of money by educating themselves on the plumbing process before hiring a contractor or attempting any serious DIY. This will help them get the best value on their project, communicate clearly with plumbing professionals, and ensure that they really are using construction best practices.

]]> By: Jay Castillo | Foreclosure Philippines http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6535 Jay Castillo | Foreclosure Philippines Mon, 09 Nov 2009 08:15:06 +0000 http://www.millionaireacts.com/?p=1846#comment-6535 I also noted that contractors that specialize in certain areas or subdivisions will usually give the lowest quotations for those areas. It also helps that the people in the area and vicinity can actually vouch for the work of a contractor that operates in that area(or point out shabby workmanship), and you get to see their actual work up close. I would also like to add that when you find a good contractor, you should also build a strong business relationship with them by paying them promptly for a job well done, etc. Good and reliable contractors are hard to find and it would be best to make sure they would be glad to handle future jobs. Having a good contractor in my team really helps make real estate investing easier and stress free! I also noted that contractors that specialize in certain areas or subdivisions will usually give the lowest quotations for those areas. It also helps that the people in the area and vicinity can actually vouch for the work of a contractor that operates in that area(or point out shabby workmanship), and you get to see their actual work up close.

I would also like to add that when you find a good contractor, you should also build a strong business relationship with them by paying them promptly for a job well done, etc. Good and reliable contractors are hard to find and it would be best to make sure they would be glad to handle future jobs. Having a good contractor in my team really helps make real estate investing easier and stress free!

]]> By: Frank Tremas http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6403 Frank Tremas Thu, 05 Nov 2009 15:45:50 +0000 http://www.millionaireacts.com/?p=1846#comment-6403 In addition to that it is important to specify the work in as much detail as possible to avoid arguments with the contractor. I cannot emphasize enough that the longer the specifications list - how tedious this can be - the less chance on disputes with the contractor. In addition to that it is important to specify the work in as much detail as possible to avoid arguments with the contractor. I cannot emphasize enough that the longer the specifications list – how tedious this can be – the less chance on disputes with the contractor.

]]> By: Zen Foo http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6377 Zen Foo Wed, 04 Nov 2009 17:29:43 +0000 http://www.millionaireacts.com/?p=1846#comment-6377 In choosing contractor, one essential skill we need is negotiotion skills; such as negotiating the price. With good negotiation skill, one can get quality work with very competitive price. One way to back the negotiation is to know the market and what others are offering. So before engaging a contractor, do some homeworks, try surveying what other contractors are offering in term of quality, work, skill, material and of course pricing. Regards Zen Foo In choosing contractor, one essential skill we need is negotiotion skills; such as negotiating the price. With good negotiation skill, one can get quality work with very competitive price. One way to back the negotiation is to know the market and what others are offering. So before engaging a contractor, do some homeworks, try surveying what other contractors are offering in term of quality, work, skill, material and of course pricing.

Regards
Zen Foo

]]> By: Financial Samurai http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6362 Financial Samurai Wed, 04 Nov 2009 01:59:39 +0000 http://www.millionaireacts.com/?p=1846#comment-6362 Hey Tyrone - Interesting previous work you've had. Thnx for commenting on my site regarding the weak US currency. You actually bring up a great point about OFW remmitances since the US is a big employer. I responded, and asked you a number of questions hopefully you can provide the answers to. Thnx! Hey Tyrone – Interesting previous work you’ve had. Thnx for commenting on my site regarding the weak US currency. You actually bring up a great point about OFW remmitances since the US is a big employer.

I responded, and asked you a number of questions hopefully you can provide the answers to.

Thnx!

]]> By: Tyrone http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6357 Tyrone Wed, 04 Nov 2009 00:09:27 +0000 http://www.millionaireacts.com/?p=1846#comment-6357 Nice negotiation on payment terms. I think it also depend on the contractor. Some contractors are too small that they cannot accomodate projects without much upfront fees. Based on my experience before, the average payment term is 50% down of the contract price before they can get the project started (for the raw materials to be used) and the remaining 50% when the job is finished. Nice negotiation on payment terms. I think it also depend on the contractor. Some contractors are too small that they cannot accomodate projects without much upfront fees.

Based on my experience before, the average payment term is 50% down of the contract price before they can get the project started (for the raw materials to be used) and the remaining 50% when the job is finished.

]]> By: Tyrone http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6355 Tyrone Wed, 04 Nov 2009 00:05:03 +0000 http://www.millionaireacts.com/?p=1846#comment-6355 I've deal with some contractors already in the past during my first job in an asset management company. My boss would instruct me to get quotes from contractors and then compare them in an excel sheet format and present it to him with my suggestion and recommendation. Of course, I have to defend why I chose the particular contractor. I’ve deal with some contractors already in the past during my first job in an asset management company. My boss would instruct me to get quotes from contractors and then compare them in an excel sheet format and present it to him with my suggestion and recommendation. Of course, I have to defend why I chose the particular contractor.

]]> By: Gabe | freebloghelp.com http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6348 Gabe | freebloghelp.com Tue, 03 Nov 2009 20:04:12 +0000 http://www.millionaireacts.com/?p=1846#comment-6348 Good post. Another thing to think about is payment schedule. I never pay much upfront and prefer to steer them to invoicing so I can pay net 30 or net 60. Even if they ask for half in the beginning and half at the end, I always try to negotiate for only 25% before, 25% midway, and 50% at completion. Good post. Another thing to think about is payment schedule. I never pay much upfront and prefer to steer them to invoicing so I can pay net 30 or net 60. Even if they ask for half in the beginning and half at the end, I always try to negotiate for only 25% before, 25% midway, and 50% at completion.

]]> By: Netanya http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6346 Netanya Tue, 03 Nov 2009 19:52:59 +0000 http://www.millionaireacts.com/?p=1846#comment-6346 A couple months ago I had to hire a plumber because we had some huge issues with our plumbing. When I looked at the price of the bill I was shocked! Thanks to your tips, I will be able to find a contractor at a good price the next time I am in need. Thanks! Netanya Money Hackers Blog Ambassador A couple months ago I had to hire a plumber because we had some huge issues with our plumbing. When I looked at the price of the bill I was shocked! Thanks to your tips, I will be able to find a contractor at a good price the next time I am in need. Thanks!

Netanya
Money Hackers Blog Ambassador

]]> By: Financial Samurai http://www.millionaireacts.com/1846/6-tips-for-choosing-a-contractor.html#comment-6345 Financial Samurai Tue, 03 Nov 2009 19:30:36 +0000 http://www.millionaireacts.com/?p=1846#comment-6345 Tyrone - I'm impressed at your age you know so much about contractors and their ways! When did you purchase your property, and how is the Manila real estate market doing? It seems that elsewhere in the region, the property mrket is doing quite well! Best, Sam Tyrone – I’m impressed at your age you know so much about contractors and their ways! When did you purchase your property, and how is the Manila real estate market doing?

It seems that elsewhere in the region, the property mrket is doing quite well!

Best, Sam

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