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All Contractor
Selection Guidelines start with this question because most dissatisfaction
involves low-bid undercapitalized contractors.
Automatically
reject any contractor without a permanent place of business.
If the
contractor is not permanently established, how can you be confident he will
complete the work? How can you be confident he will be in business if the work
needs service in the future? What do you do if the project fails and you are
financially harmed or the contractor is not financially responsible?
The courts are
full of dissatisfied owners with worthless judgments against insolvent
contractors.
While there is no way to guarantee any business is financially stable, there are
some steps you can take to protect yourself.
Visit the
contractor's place of business. Does it look like it has been established there
for a long time? Does it appear that the equipment, manpower, and capacity are available to complete your project in a professional and timely manner?
Automatically
reject any bid from a contractor without substance.
Do not be swayed
by a personable contractor or his attractive low price. It is not worth the
risk. Select only a contractor that is financially committed to the
business. Select someone you can call if a problem arises in the future.
A professional
contractor will have no problem giving you a tour of the facilities and provide
whatever financial proof is required for your peace of mind. Don't be timid
about asking. The professional respects these questions and knows that time is
being well spent with an intelligent buyer.
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