TCF839: Contractor Scam or Just a Bad Business?

Today, Tom discusses a recent contractor fail that was reported in ABC 7 Chicago news. He shares the story of a homeowner unhappy with work done by her contractor, and takes a look at the key fails of the project and shares fixes for both contractors and clients on how to prevent similar failures from occurring in the future.

Episode Highlights:

[00:00] – Intro
[00:20] – The situation
[01:19] – Contractor Fail: Scribbled estimate
[02:14] – Contractor Fix: Have clear documentation
[06:46] – Homeowner Fail: No proper contract
[07:51] – Homeowner Fix: No project without a valid contract
[08:37] – Don’t itemize the job
[10:00] – Economy of scale
[11:21] – Run if no clear plan
[11:58] – Closing thoughts

Link to the original news story:


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