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Joined: Nov 2000
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spyder, correct me if I'm wrong, but wouldn't that be asking for trouble?
If one would make the "not-to-exceed" value equal to the "bid price", then go with a bid.
Seems to me, you're putting a "ceiling" price on something, but no "bottom" price, atleast with a bid, there is only one price.
Make sense?
Or am I just missing soemthing fundamental again?
-Virgil Residential/Commercial Inspector 5 Star Inspections Member IAEI
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Joined: Oct 2002
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My point: about the not to "exceed" price gives them a high ballpark figure. They are happy because they have a number. I see your point about it not being excatly fundamental.
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Joined: Jan 2002
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Virgil,
In my former life of a facility manager I did a lot of NTE. That would give you a budget figure to go with, and then if the price came in lower you looked good. But then again I also did job walks and there were far fewer questions than what NC is looking at.
It seems to me that you would bid the job as a complete new re-wire with some cost in for removing the old stuff. Would you accept the liability of leaving in some of the old wiring?
Lawyer: Sparkync, why did my clients house burn down again when our experts have found that there was obiously had some heat stress on this wire.
Sparkync: Looked good to me.
Judge: Judgement for the plantiff.
Unfortunately that is how it is today.
Scot
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Joined: May 2001
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Hmmmm......
Fire in kitchen of 5000sq.ft 1 story.Rewire whole house.Sounds lucrative but Ins.Co.aint gonna go for it.
Donnie
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Joined: Oct 2002
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Thanks again for the input.. Had to give the bid tonight though If prices around here were as good as some of you all's places I might could have bid higher, but I'm a little "bid scared". I'm bidding this burnt out cheaper than Virgil did his new house kinda scary... but I gotta put food on the table and I figure I'll make better than I would at "Burger King" or "MacDonalds". I put the bid in at $8500.00 I know.......to cheap.. but I gotta get my foot in the door with this contractor if possible, he does high volume of work. $$$$$'s down the road. And I wish I had time to ask the inspectors, but again I'm pushed to make a decision. Decisions, Decisions, way of life Thanks.... Steve.. Hope if I get the job, I don't get to many surprises. If I do hope I learn enough to make up on the next one
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Joined: Jan 2003
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Sparkync Gramps has this correct "T&M and Don't depend." With fires, damage can jump rooms or floors. LK
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Joined: Apr 2002
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SparkyNC: 1st, Good Luck Sometimes ya gotta do what ya gotta do. I know 1st hand what yaou mean about putting food on the table. Yeah, it was a while ago, but it's something you don't forget.
If it gets you connected with a GC, then it may be worth it.
Good Luck John
John
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Joined: Nov 2000
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sparkync,
Still don't have any papers signed on that one, so I may not have it.
The going rate for other GCs is about 1/3 to 1/2 of what I bid on that one job.
I've done 3000 sq ft houses with finished basements and including phone and tv for less than $6000 before.
Not bragging.
Besides, the one good month I had last year was for the first Greenbrier cottage I wired.
Most of the money went to my sub and to my supplier. I ended up with about $2K left over.
My net profit for the year (including my pay) was less than $12K, so don't go wishing you were in my shoes!
Seriously considering closing shop. Joe Musser quit his biz and is now working for the only competition at the Greenbrier for $12 per hour. Yes, he's a master and contractor. Not a typo. $12 per hour. I pay my no-experience helper $10 and most of you think it's too low.
Got turned down on a truck loan, so I don't have much faith in my business any more. My truck won't pass inspection without serious bodywork and a new windshield and I've got to the end of the month to repair or replace the truck.
Still don't have my helper legal. Don't have the $1600 for a wage bond and I have to have that before I can pay comp, withholdings, SSI, etc.
My poor helper has had to listen to me b*tch all day long too.
It seems pretty futile now. Sorry to rant again.
[This message has been edited by sparky66wv (edited 01-22-2003).]
-Virgil Residential/Commercial Inspector 5 Star Inspections Member IAEI
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Joined: Aug 2002
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sparky66wv.......dont give it up yet... .....maybe branch out a little....if it gets really bad down there...bring your truck and helper to columbus....i got more work than i can handle for the next few months.... ......kiss momma "goodbye" for 60-90 days...and come help me.....i got 2 "prevailing wage" jobs that i need a journeyman on, that i cant start....because of manpower..... think about it gramps
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Joined: Aug 2002
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sparky66wv: I hear you... You're considering getting out and I'm trying to get in. I was in the web development area and have been out of work since May. (With a wife and two toddlers plus a new mortgage. Boy, was I glad to hear that the Federal benefits were extended or I'd really be in trouble!) I have a strong interest in the trade, and the local Sunday paper want-ads here (Northern NJ) have at least 4 or 5 ads for experienced electricians. The ones I've spoken with are offering $8-$10/hour for an inexperienced helper (and I understand...they would have to slow down to train me, etc.) The union apprenticeship program takes a while to get in, and I'm told the list is long. (The wait is worth it, however.) So, Gramps sounds like he has an offer worth considering very seriously. I imagine it would be uncomfortable to pick up and leave for a while, but if you are not tied down to family, it sure would be worth it. Maybe you can convert your truck's engine into a generator? NOTE: I just saw Mr. Tedesco's message relative to deletion of posts that are not on topic. I'll send this one via private e-mail. The board doesn't allow me to delete the post. [This message has been edited by ThinkGood (edited 01-22-2003).]
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