The renovation and building contractor

The building and renovation contractor

Generally life is not a picnic in most lines of work, but when you make your living as a contractor in the building and renovation field, it really can get tough at times.

 I have being in this business for over twenty years, When I take a look back I can see few highs, lots of more lows, continuous stress and countless long days filled with hard work, love for what we do it is the only sensible reason why anyone would really want to keep doing this for that long.

Contractors as car sales men and in a different way lawyers, are all tinted with a bit of mistrust that you have to start by clearing out every time you start dealing with a client. For sure, it has being a well gained reputation for some, that it is easily applied to all.

Popular TV shows in recent years had contributed to disgrace the personality of the construction contractor even further, misleading the consumer with not realistic expectations about the reality of a building or renovation project in the real world.

I can easily count how many decent and knowledgeable contractors I have known to quit, fed up with the stress and frustration and went to pursue different means to make a living, I also know quite a few stories about those who lost everything trying.

In a regular scenario, to be successful in this occupation all anyone will need is to master the ability to apply a competitive price to a degree of quality in a work project or vice versa, but reality and practice show different.

Even when all conditions are created and everything is planned; delays, accidents and problems will happen and the status quo of a real world renovation/ building process will end up taking over. All mishaps cost money to the contractor that at the same time start losing the most needed client’s confidence, twice the trouble for every time something goes wrong.

To stay in business, the contractor has to keep competitive and that’s one of the most challenging things a decent contractor will have to deal with.  80 % of all potential clients will make their hiring decision based solely on price. That’s leave us, the decent contractors to share only a 20 % of the actual market out there.

Right from the start, we will lose the 80 % of the market because we will not lie or play tricks to get a job. Once I take my measurements, analyze the drawings, cost materials and labor and present a quote to a client, that’s a number that very seldom will fluctuate or goes up, at least the client himself add changes to the initial project.  We will tell you the truth of how much money will take to complete your project, and for that reason we usually lose a big percentage of the jobs we quoted.

For every TV shows that shows a renovation or building owner victimized by a crooked contractor, more likely there were more than one straight forward, decent contractor that was not chosen to do that same job at the beginning, because of price.

I am very clear of the fact that every job I start will represents only a liability until the day its completed and I can finally sit, add all the numbers to find out if I managed to spare enough money during the duration of the project to pay my own wages or I was just functioning as a cash machine for a bunch of undeserving people.

In almost every project, the contractor has no choice but to delegate tasks and responsibilities to others, some carry those with care, others do not, in most cases the contractor will cover the cost to fix, replace , reorder, remake till the client gets what he pays in the first place only one time for. Decent contractors will face the responsibility and absorb the cost to undue and fix the mistakes that happen under his watch.

In most occupations as the years goes by and you gain experience and become more knowledgeable the risky  components of that job will lesser and functioning in your job become easier, with time and experience pay also will get better. As a contractor the risks will renew with every project. You start over again and again with every project and pay will not necessary increase with experience.

 Market conditions, ability to get work done in an efficient and timely manner, aptitude to be able to pick and choose clients, trades and employees and even luck will influence how long you are able to handle it and finally prove that you have what it takes to make it not only to the 20 years mark but to the end of every single project you started.

Most of us pay everyone involved long before we are able to collect it back, we assume hard work entitle us to get pay and it becomes devastating when it does not turn that way.

The risk of not being able to collect payment for our work at all or at the proper time to renew the funds that we already paid out and need back to continue operating are more common that we like to admit, and there are plenty of stories to prove it. Contractors are also vulnerable to be rip off by clients or by a bigger company from whom they made the mistake to subcontract work from.

In my personal experience, surviving these days as a contractor is more about what you did not choose to do or got involve with than all those projects that you actually accomplish successfully. The right balance between being able to walk away from potentially problematic situations and keeping busy at the same time will definitely  weight not only in how successful you are but also what price have you paid to get there.