Talk about being under-cut on a bid. - REO Property Preservation Forum
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post #1 of 30 (permalink) Old 01-22-2013, 08:44 AM Thread Starter
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Talk about being under-cut on a bid.

Have a property here in CT that is just buried in debris, and not the normal stuff. The house has transmissions, engines, all various kinds of hazardous materials like chemicals and motor oil, car parts-anyway to make a long story short the junk is spread allover inside and out. So I put in my bids for inside outside stuff. My count on the inside for debris was 59CYD which I bid at a sight discount off of HUD price for cube as this work is direct from the lender with no middlemen in between. Well just for giggles the realtor had a few others bid and one guy submits a bid that just says "I will remove and dispose of all debris inside for $700 flat, and for another $300 he would clean the debris in the yard

Our bids were approved and if it were not for the fact that im a perfectionist, I would let the guy come in and pay him out of my pocket and still make quite a few dollars for doing nothing at all

I know the guy is small time, but how the heck he could come up with a number like that is beyond me-as it would cost more than $700 to properly dispose of this stuff in CT, so I have no clue how he plans to make enough to stay in business.
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post #2 of 30 (permalink) Old 01-22-2013, 08:54 AM
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Will it be worth it to sub it to him and you do the QC and clean up to protect your reputations....

to teach a lesson I'm just sayin'...

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post #3 of 30 (permalink) Old 01-22-2013, 08:59 AM
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most guys just don't care that's why. things will end up at other properties. or down sewer drains.
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post #4 of 30 (permalink) Old 01-22-2013, 09:21 AM
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500, 1500 and 5k seem to be the tier levels on bids for us. $500 will get instant approval; $1500 and over will need two bids and anything over 5k will need three. I have used the lo baller to haul away the debris before and then had a sales clean crew follow up behind them and finish the debris and polishing; really not worth the trouble IMHO.
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post #5 of 30 (permalink) Old 01-22-2013, 09:22 AM
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I also am getting more guys offering to remove the debris for little or nothing in exchange for all scrap. Without dump receipts you are really out on a limb.
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post #6 of 30 (permalink) Old 01-22-2013, 05:09 PM
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sounds like a scrapper. We are getting $170.00 a ton unprepared here. It doesn't take alot of engine blocks to turn into $$$. Oil and chems. are free around here on curtain days of the month...
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post #7 of 30 (permalink) Old 01-22-2013, 05:12 PM
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re

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Originally Posted by garylaps View Post
sounds like a scrapper. We are getting $170.00 a ton unprepared here. It doesn't take alot of engine blocks to turn into $$$. Oil and chems. are free around here on curtain days of the month...
that is kind of what I was thinking, the oil and car fluids can go straight to the auto shop (a lot of local places even heat with waste oil and will pay for it) and the scrap could easily make it worth his while. As long as its mostly scrap and not just 3 engines and then 50yds of crap.
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post #8 of 30 (permalink) Old 01-22-2013, 05:26 PM
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Quote:
Originally Posted by NewEnglandProp View Post

I know the guy is small time, but how the heck he could come up with a number like that is beyond me-as it would cost more than $700 to properly dispose of this stuff in CT, so I have no clue how he plans to make enough to stay in business.





When I was doing it I had a similar deal with a guy getting Altisource work.

A couple of real bad ones he undercut me by half.
One I happened to drive by while he was there, and talked to him about it.
We talked prices and he agreed that it was so bad that my price was much closer to reality than his.......... but he didn't learn.
Next job........ 50% of mine, and it was a bad one too.
He got most of the debris but did a real spray and go operation when it came time for the janitorial.
No where close to what I would have done.


I'm not sure why they never learn.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #9 of 30 (permalink) Old 01-22-2013, 06:34 PM
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The guys propbably going to dump the **** illegally

this business is going to chittt
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post #10 of 30 (permalink) Old 01-22-2013, 07:49 PM Thread Starter
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Will it be worth it to sub it to him and you do the QC and clean up to protect your reputations....

to teach a lesson I'm just sayin'...

Only because there is a lot more approved there we have to do and we will be onsite anyway this has become an experiment-I will gladly let all know how it turns out.

Debris gone and broom swept Ill cut him a check Thursday.
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