When Did Cost Estimator Get Implemented - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 17 (permalink) Old 03-02-2016, 03:08 PM Thread Starter
Junior Member
 
Join Date: Nov 2015
Posts: 22
Thanks: 2
Thanked 6 Times in 5 Posts
When Did Cost Estimator Get Implemented

Does anyone remember when HUD adopted the C/E? I am getting chargebacks on FULL BID APPROVALS from as far back as 2012 stating it does not meet C/E.
I can't remember when it was put in effect?
Bottomfeeder is offline  
Sponsored Links
Advertisement
 
post #2 of 17 (permalink) Old 03-02-2016, 04:00 PM
Member
 
Join Date: Oct 2012
Posts: 69
Thanks: 3
Thanked 22 Times in 15 Posts
I would totally talk to lawyer on that one with a copy of the last dated contract you signed with that company before the latest date of the chargeback, any workorder that you have approval of that you were chargeback for or any email with poc approval or any email stating it will get paid on the property you were chargeback for, sometimes just the verbage they use when responding to you could void any contract you signed for that order. (no I shouldn't say that, thats for a lawyer to tell you, but I am hoping you understand the importance of all information you can bring.)

My last lawyer costed 200 per hour but within that hour he told me all I needed to know without needing him any further. But if you let this go un-answered you are in a never ending story.
idaho is offline  
post #3 of 17 (permalink) Old 03-02-2016, 04:44 PM
Senior Member
 
Zuse's Avatar
 
Join Date: Nov 2012
Location: SOUTH/SOUTH EAST/ COASTAL OUTER BANKS
Posts: 688
Thanks: 1
Thanked 470 Times in 244 Posts
November 14, 2011 05:56 PM Eastern Standard Time
Zuse is offline  
The Following User Says Thank You to Zuse For This Useful Post:
All Island Handy (03-02-2016)
Sponsored Links
Advertisement
 
post #4 of 17 (permalink) Old 03-02-2016, 09:49 PM
Low quality low cost
 
Craigslist Hack's Avatar
 
Join Date: Jun 2012
Location: Every city
Posts: 2,338
Thanks: 695
Thanked 1,687 Times in 846 Posts
Is the cost estimator legal? If someone were to pursue it would this stand up in court or would it be considered price fixing/gouging.
Craigslist Hack is offline  
post #5 of 17 (permalink) Old 03-02-2016, 11:51 PM
Super Moderator
 
Join Date: Oct 2012
Location: Southeast Wisconsin
Posts: 1,059
Thanks: 890
Thanked 1,208 Times in 536 Posts
Quote:
Originally Posted by Craigslist Hack View Post
Is the cost estimator legal? If someone were to pursue it would this stand up in court or would it be considered price fixing/gouging.
That's a good question, but I wouldn't think that it's price fixing. HUD is using a third party, IE RepairBase. If HUD created their own cost estimator, than maybe.

I think its similar to insurance claims. Adjusters use Xactimate to determine what they are willing to pay out on losses as well. But what the hell do I know.

However, if a bid is accepted and then charged back weeks, months, years down the road for not using a cost estimator, I believe that's a totally different animal. Adjustments made after accepting a price and work completion is bull****.



BRADSConst is offline  
post #6 of 17 (permalink) Old 03-03-2016, 12:14 AM
Senior Member
 
Join Date: Mar 2013
Posts: 666
Thanks: 124
Thanked 336 Times in 182 Posts
The way I look at it, if they are going to make stuff up

after the fact, you can create your own policies that do the same. It is in bad faith of the original accepted bid. There is no judge anywhere that could rule any other way, and certainly not two if you have to take it to a higher court.

Send them a stack of adjusted invoices for all the work you have ever done. Hell take your 1099 and add 10% to it call it a post audit discretionary secret and dangerous mission charge.

I wouldn't stand still for it, but you know how much the client is worth to you, and that's your decision. I would be willing to burn most any bridge over that.
Ohnojim is offline  
The Following 4 Users Say Thank You to Ohnojim For This Useful Post:
Craigslist Hack (03-03-2016), GTX63 (03-03-2016), PropPresPro (03-03-2016), safeguard dropout (03-03-2016)
post #7 of 17 (permalink) Old 03-03-2016, 07:42 AM
Member
 
Join Date: Jun 2014
Posts: 47
Thanks: 3
Thanked 10 Times in 8 Posts
I'm curious to know which national is doing this.
I'm suspecting the sisters because they seem to be sinking and I see them trying to take as much money as possible in the process.

Pricing has changed a lot on CE since 2012 and not necessarily for the better. I have been using CE since bids were getting reduced per CE but have never received anything telling me to use it. In fact I only found out it was Repair Base from requesting proof when a bid was reduced. With that said I still continued to have bids reduced despite using it and when trying to appeal, I was required to give a break down of my material costs and man hours. They wouldn't stand by CE.
If I were you, I would go through all my jobs and look them up on the CE. Anything that comes up higher than your bid, send them a bill for the difference. After all, they are basically saying bid approvals don't matter, only the CE does.
Use that to your advantage.
PPArt is offline  
post #8 of 17 (permalink) Old 03-03-2016, 07:44 AM
Member
 
Join Date: Jun 2014
Posts: 47
Thanks: 3
Thanked 10 Times in 8 Posts
What was the service you preformed? It may not have even been on CE in 2012.
PPArt is offline  
post #9 of 17 (permalink) Old 03-03-2016, 08:46 AM
Senior Member
 
Join Date: Mar 2013
Posts: 666
Thanks: 124
Thanked 336 Times in 182 Posts
I'm going to the gas station this morning, I'm going

to give them a bill for all the $4 gas I bought in 2012, my new cost estimator has gas at $1.80 today.
Ohnojim is offline  
The Following User Says Thank You to Ohnojim For This Useful Post:
safeguard dropout (03-03-2016)
post #10 of 17 (permalink) Old 03-03-2016, 08:58 AM
How I wanna be a PP Pro
 
Wannabe's Avatar
 
Join Date: Oct 2012
Location: USA
Posts: 1,103
Thanks: 232
Thanked 1,277 Times in 562 Posts
Some day an atty outfit is going to have the knowledge and "bravery" to do the class action suit against this industry for RICO violations and Sherman Act Anti-Trust violations.

If I was still operating with a National and received a chargeback withholding for a CE "overcharge" then I sure as heck would be auditing every job back to 2012 to see about invoicing supplementals where appropriate.

Brad mentioned on previous post how insurance companies require xactimate and this is true if you are into insurance repair work but there are plenty of lawsuits out there against insurance carriers for requiring using xactimate.

There are so many similarities from insurance vs property preservation work that you could switch the job title and envision 1000's of future lawsuits. The only difference is the Ins Repair contractors are not taking it laying down.
Wannabe is offline  
The Following 3 Users Say Thank You to Wannabe For This Useful Post:
All Island Handy (03-03-2016), Craigslist Hack (03-03-2016), Ohnojim (03-03-2016)
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome