Reply to Any stories of construction costs far exceeding original estimates?

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Reply to "Any stories of construction costs far exceeding original estimates?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What's driving the cost up?

Our house is old and the GC warned us that once the walls open, unexpected issues could come up and it would be extra. So yeah, we definitely faced that.

But outside the unexpected, why is your cost going up so much? My guess would be your GC did a poor job calculating the initial estimate. That would be on him. [/quote]

Did you miss the thread where people were complaining that grocery baggers should be paid a living wage (i.e. enough to rent an apartment and raise children?)
Do you think that people with actual hands-on construction skills are willing to work for the same money as a grocery store employee?
Wages rise, prices rise, wages have to rise to meet prices. Labor is by far the biggest expense in these projects.[/quote]

What a strange and condescending response.

I'm replying to OP based on the assumption that the original estimate, signing of contract, and actual construction happened fairly close together, rather than very spaced out and thus labor costs would be much higher than the original estimate. If that were the case OP should/would have specified and that would be the obvious culprit. The estimate and contract should include labor cost. I don't know any contract that does not.

[/quote]

I apologize for being condescending, it just seems obvious to me that we are living in a time of unprecedented inflation which is why these estimates would be "miscalculated."[/quote]

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