RE: Construction Business Estimating Questions
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RE: Construction Business Estimating Questions - 6/13/2004 1:38:31 AM
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Czar
Posts: 65
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Home base: Columbus, Ohio
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Leam:
Why is it a detriment to homeowners if all they look at is the bottom line? As Poe says, they are still doing the work, for what he claims is $1,200.00 less then it costs, but the work is still getting done. If 20 contractors are willing to do a job for $10,000.00 and one wants $12,000.00 for the same job/materials/ labor, then what is fair and reasonable to get the job done? I still contend that the majority of homeowners are not the ones complaining, it is contractors. And answer me this, why is it the contractors that are complaining, is it that they are truly concerned about the insured, are the following them through the whole claims process? Do they confer with the insured about the Non-Waiver on a late reported claim? Are they concerned if the insured’s loss is covered, and will fight for them on a back up of sewer claim or surface water claim or any other excluded cause of loss? Do they read and analyze the policy looking for coverage on the insured’s behalf? Do they help the insured prepare their documents for a BI claim from a lightening storm? NO! I don’t think I have ever had a contractor discuss coverage with me past, “is this thing covered or not, cause I don’t want to tie myself to a job where I might not get paid”. So do you really think Poe or contractors like him really care about the insured? Most roof salesmen make 5% to 15% of the total claim, so if they are able to squeeze a couple more thousand dollars out of the carrier for O&P all the better for them. This question of O&P only comes up with hail/wind/rain claims with so-called GC roofing storm chasers looking to retire on one storm. They raise their prices and cry, well this is what it costs for me to do the job and once agreed upon they want to tack on O&P. We or better I rarely have a problem with interior claims and O&P, as most true GC’s don’t like to mess with roofs and siding and stick to interior work or fires. So do they really care about how the insured’s are not getting their “maximum insurance settlement”? If so why are all the houses being repaired?
As far as you handing your homeowner an estimate, I rarely see that happen. And as far as the adjuster’s stating that you prepared our estimate incorrectly, I guess that is when you would have to make a decision if you wanted the job or not. Free world, free market, always your choice. There are always 10 guys down the street willing to do it for less to get a job.
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RE: Construction Business Estimating Questions - 6/13/2004 10:46:57 AM
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katadj
Posts: 684
Joined: 4/19/2004
Home base: New Hope, PA
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I wonder if this proponent of "fair and equitable" claim settlement, has ever absorbed, refunded, discounted, or in any other manner, NOT received the applicable deductible due on the policy.
I sure wish someone would come forward to identify this nefarious practice.
In my State/Commonwealth of Pennsylvania we have many large Billboards, all over the State, proclaiming this action, with a picture of the felon behind bars. Just more: “Food for thought.”
_____________________________
"Excellence often first appears as error. It is only in retrospect that wisdom emerges from ignorance and success from failure." Abraham Lincoln
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RE: Construction Business Estimating Questions - 6/13/2004 11:28:26 AM
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Tom_Toll
Posts: 551
Joined: 4/19/2004
Home base: Austin, AR
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I am going to strongly suggest ladies and gentlemen, that we start posting intelligent, factual information, without belittling remarks. I have been sick for 3 weeks and have not kept up with CADO as I should have as a moderator. I am back and can assure you that unkind remarks will not be tolerated, they will be deleted.
The 10 & 10 question was set years ago by the industry. Three trades justify O&P if a GC has a signed contract with the homeowner, anything less, no O&P is entitled, unless directed by the company you represent. I have done this for 44 years without one problem.
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RE: Construction Business Estimating Questions - 6/13/2004 12:41:15 PM
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ClmGui
Posts: 39
Joined: 4/19/2004
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givemeroofs
Will you remove your pictures from this post please. Your inconsideration for this thread topic is uncalled for.
Tom_Toll, would you please help in this matter?
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RE: Construction Business Estimating Questions - 6/13/2004 1:20:41 PM
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givemeroofs
Posts: 301
Joined: 4/19/2004
Home base: Houston, Texas
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Your inconsideration for us is uncalled for. Of course I am speaking of the modern poet Edward Allen Poe. I'm sure you run an honest business, and I would never disrespect your or your "business." You have no purpose here. Good riddance.
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RE: Construction Business Estimating Questions - 6/13/2004 3:19:28 PM
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JimF
Posts: 1305
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Back away and read this discussion from a distance without emotion, and anyone of intelligence would see that it has about as much utility as would rearranging the deck chairs on the Titanic.
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RE: Construction Business Estimating Questions - 6/13/2004 3:26:51 PM
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Tom_Toll
Posts: 551
Joined: 4/19/2004
Home base: Austin, AR
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JimF is absolutely correct. Back off and read all this dribble, then lock out the posters.
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RE: Construction Business Estimating Questions - 6/13/2004 4:21:56 PM
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Leam Kincaid
Posts: 52
Joined: 6/1/2004
Status: offline
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Kile,
I followed your link to the Insurance Journal post that Mr. Poe authored. I got his phone number and got in touch with him this afternoon.
Before I go into the thrust of that conversation, which was very, very interesting, I need to know why when I go to upload a jpg...the server rejects the picture? I tried about three times with the same results and can't upload.
Am I missing a needed step or something? It's just a 200k file.
< Message edited by Leam Kincaid -- 6/13/2004 4:24:59 PM >
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RE: Construction Business Estimating Questions - 6/13/2004 6:08:57 PM
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Leam Kincaid
Posts: 52
Joined: 6/1/2004
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quote:
kile
And by the way where do you get these "fair trade construction business estimating rules? " I don't believe I've ever seen any such rules in writing before.
Well, what I meant was that a pre-tax 10% profit margin is accepted as a minimum or standard profit margin to shoot for in the construction field. You have mentioned it numerous times as an estimating factor.
As you know, the insurance industry accepts that fair trade "rule" also. Here it is in writing.
http://www.qualifiedremodeler.com/FEATURES-REMODELING-BUSINESS/2004/04/Insurance_Opportunity.asp
< Message edited by Leam Kincaid -- 6/13/2004 6:10:03 PM >
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RE: Construction Business Estimating Questions - 6/13/2004 6:30:25 PM
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KileAnderson
Posts: 199
Joined: 4/19/2004
Home base: Baton Rouge, LA
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Just because it was mentioned in an article on a contractor's website doesn't make it a rule.
I posed the question because you asked:
"Why would you be OK with enforcing carrier estimating rules that clearly contradict fair trade construction business estimating rules? ".
The point is, there aren't any rules other than those made by the marketplace. As we have all said numerous times, if there are 10 people in town willing to do it for the insurance companies price, the carrier doesn't owe more money because the insured picked someone who charges more. All that is owed is what is fair and reasonable.
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RE: Construction Business Estimating Questions - 6/13/2004 6:49:45 PM
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Leam Kincaid
Posts: 52
Joined: 6/1/2004
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kile,
What construction estimating costbook/s or program/s do you use?
< Message edited by Leam Kincaid -- 6/13/2004 6:50:20 PM >
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RE: Construction Business Estimating Questions - 6/13/2004 7:09:12 PM
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KileAnderson
Posts: 199
Joined: 4/19/2004
Home base: Baton Rouge, LA
Status: offline
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Currently, Xactimate.
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RE: Construction Business Estimating Questions - 6/13/2004 7:26:43 PM
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Leam Kincaid
Posts: 52
Joined: 6/1/2004
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I haven't tried that program yet. I've been to their site though. If I remember correctly they've been around since the eighties. They seem like a really professional outfit.
What other costbooks or programs have you used?
< Message edited by Leam Kincaid -- 6/13/2004 7:28:00 PM >
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RE: Construction Business Estimating Questions - 6/13/2004 11:15:07 PM
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Czar
Posts: 65
Joined: 4/19/2004
Home base: Columbus, Ohio
Status: offline
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Leam:
You haven't answered my questions post at the top of this page.
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