Is it possible to add O & P on after a job has been done?
TomB Said: Heres a really - really stupid question; How can one stay in business if you dont get reimbursed for overhead and make a profit?
When you're doing Chuck & Bubba pricing, Ins. Work IS Profitable........the only thing they do that is profitable! :unsure:
Of course when you see what the Lawyers in Blue Jeans (Restoration subs) pay subs ( 40-50 a sq) there ain't much hope.... :side:
OW - ;) - Very appropriate response! - You got a chuckle out of me
Caller: I think I've got storm damage. Could you come out and check my roof to see if it has damage?
Willie: NO, But thanks for the invite! ;)
I would call a company that's name ends in "restoration".
I know - I know - It's the cursed/idiotic/criminal insurance game.....
Here's a really - really stupid question; How can one stay in business if you don't get reimbursed for overhead and make a profit?
Twill, O&P is generally reserved for General Contractors who do more than 3 trades on a job. If you're licensed to do the other stuff, or maybe you're in a state that you don't need to be licensed, and you contract to do that other work, yes, you should be entitled to O&P. Single trade contractors rarely get O&P.
I "claim" Overhead and Profit right up front with the rest.
Everytime! ;)
Had adjuster troubles.
There was multiple damages. Wind. He asked me to just price the roofs. And I agreed.....but now I realize that if I took the other stuff, I'd be able to go for O&P.
Some window trim, a storm door, S&F .
Him was much smarter than me :(
Not a big loss by any stretch, but extra $'s is always bee good :cheer:
Well Tom, let us know when you figure out how to make it stick. Maybe I lack imagination, but my contracts are either fixed-price, or T&M. Or are you thinking of a very special case?