TRUST YOUR GUT: Chapter Eight, Set Realistic Dates Build Buffers Avoid Lawsuits
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This episode is a reading from Karalynn's latest book, Trust Your Gut.
Contractor Randy promises a tight custom home finish. The supply chain has other plans. Then the Texas freeze blows it past summer. Homeowners rack up extra rent, school tuition, mortgage, and sue for damages.
The settlement bleeds Randy cash. Don't make this mistake.
Quote estimated dates, not guarantees. Pad buffers, quote longer, and finish early like a boss. Blast regular updates, tie payments to phases, add non-consequential damages clause.
Moral of the story: Under-promise, over-deliver. Keep projects on track, clients happy, and lawsuits away!
Grab Karalynn's new book Trust Your Gut here.
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Watch the show on YouTube here.
Learn more about The Cromeens Law Firm here, and subscribe to our newsletter!
Key Takeaways
1. Include clauses for price increases and delays
2. Materials labor weather hit projects hard
3. Change orders adjust terms when needed
4. Homeowner pays extras beyond control
5. No provision means you lose money or business
Timestamped Overview
0:25 The saga begins
2:15 Danny walks away
4:32 Contract clause need
7:02 Price increases detail
9:27 Example contract language