INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.

Bonus for a builder?

Go down

Bonus for a builder?

Post by Pogo on Wed Oct 10, 2018 3:43 pm

We are building a house in the Lakeside area. It has been suggested to us that offering a bonus for "on time" completion is a worthwhile consideration. Have others done this? How much of a bonus was offered? With what results? Any advice and/or suggestions will be appreciated.

Thanks in advance.

Pogo
Share Holder
Share Holder

Posts : 147
Join date : 2010-09-26

Back to top Go down

Re: Bonus for a builder?

Post by ferret on Wed Oct 10, 2018 5:53 pm

A bonus for doing his/her job??? How about a PENALTY clause for NOT getting it done on time! And it should have been written into the contract to begin with.
avatar
ferret
Share Holder
Share Holder

Posts : 4405
Join date : 2010-05-23

Back to top Go down

Re: Bonus for a builder?

Post by CanuckBob on Wed Oct 10, 2018 6:20 pm

The problem with a penalty clause is that the contractor will start cutting corners if they fall behind. It will likely be the type of cuts that don't appear until you have paid and he is far down the road.

_________________
Vacation Rentals
www.casadecomo.webs.com
avatar
CanuckBob
Humble Administrator
Humble Administrator

Posts : 14581
Join date : 2010-04-04
Age : 55
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

http://Www.casadecomo.webs.com

Back to top Go down

Re: Bonus for a builder?

Post by ferret on Wed Oct 10, 2018 6:34 pm

Excellent point CBob. The same statement can be made for the bonus clause. Caught between a rock and a hard place.
avatar
ferret
Share Holder
Share Holder

Posts : 4405
Join date : 2010-05-23

Back to top Go down

Re: Bonus for a builder?

Post by CanuckBob on Wed Oct 10, 2018 6:40 pm

Yep, best to just yell and scream at them every day they are late.........jaja.

_________________
Vacation Rentals
www.casadecomo.webs.com
avatar
CanuckBob
Humble Administrator
Humble Administrator

Posts : 14581
Join date : 2010-04-04
Age : 55
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

http://Www.casadecomo.webs.com

Back to top Go down

Re: Bonus for a builder?

Post by ferret on Wed Oct 10, 2018 6:49 pm

That would go over like a screen door in a submarine.
avatar
ferret
Share Holder
Share Holder

Posts : 4405
Join date : 2010-05-23

Back to top Go down

Re: Bonus for a builder?

Post by HoneyBee on Fri Oct 12, 2018 6:54 am

Now that was funny!

HoneyBee
Share Holder
Share Holder

Posts : 94
Join date : 2018-03-29

Back to top Go down

Re: Bonus for a builder?

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum