Reply to Contractor Fee

Forum Index » Lawn and Garden

Reply to "Contractor Fee"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]My landscaper is charging me an extra $1000 because they did not include the contractor fee in the original quote. Here is the contract total...

[i]Materials Total =. $667.50
Tax =. $40.05
Material Delivery =. $62.00
Materials/Tax/Delivery Total =. $769.55
Labor =. $332.00
Total =. $1,101.55
Project Total..……………………………………………………………....$24,399.42
Financed Total…………...……………………………………………………...$TBD[/i]
[b]
Here is the info in the contract about the $TBD
[/b]
[i]The “Financed Total” listed above is listed as “TBD” below because should you choose
to finance the job, there are several financing options available through our third party
finance company EnerBank. Please click this link to learn more about our financing
partner:
https://drive.google.com/file/d/1IIAK3Fcf_iGenoFndpVkRalDGhKjcpkf/view?usp=drivesdk[/i]

This makes me think it is there fee and not mine.

I questioned it and they wrote me the following email...

[i]It was recently brought to my attention that the contractor fee of 5.5% was not included in the total amount you requested from Regions Bank. As you may know, the financing companies we work with, which specialize in home improvement financing, operate a bit differently than traditional lenders.

We collaborate with two such companies, both of which have a similar fee structure, and their competitors follow a comparable model as well. These companies provide various loan types, each incorporating a “contractor fee.” This fee is a percentage of the total loan amount charged to the contractor for their participation. The contractor fee can range from 2.99% to 15%, depending on the loan structure selected by the homeowner.

Unfortunately, we must adhere to this fee structure to offer these financing options to our clients, which ultimately helps us secure more jobs, as many customers utilize these programs. Since [landscape owner] does not include the “contractor fee” in the proposals he provides, we have to relay this fee onto our customers. If you look at the contract again, you will see where he includes Financed Total.......$TBD because the fee is based on the loan structure selected by participants.[/i]

When I signed the contract, it was within my budget, now it is over budget. I told them I would give the amount for the new job that was not financed, but I would need to get some clarity before writing a check for the contractor fee.

Is this fee legitamate?

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics