Five Bros-HUD Connection - REO Property Preservation Forum
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post #1 of 18 (permalink) Old 10-07-2012, 08:21 AM Thread Starter
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Five Bros-HUD Connection

Recently bid a mold project for the Brothers here in CT, basement full of the black gold. Approx 30x30 basement, Wood paneling up 1/2 way on walls, Ceilings have two layers of 1/2" drywall. It's a townhouse condo an ya need to walk out the front door, around the condo, around the garages to the parking lot to where you could set a roll-off.
Submitted a bid for a few grand. A week later they whacked the bid by 70% an issued our company an WO. Naturally I declined it, but they indicated HUD reduced the bid.
It is a US Bank Home Mortgage property. What I wonder is how 5 Bros says HUD reduced the bid if US Bank is their client. Does 5 Bros have direct access to the "all knowing" HUD estimators.
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post #2 of 18 (permalink) Old 10-07-2012, 08:33 AM
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Another ploy to try to get contractors to accept a lower price. Ask for a copy of this HUD estimate? We all know the answer...
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post #3 of 18 (permalink) Old 10-07-2012, 09:04 AM
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I just really don't get where hey get their pricing from. Even being relitively new to this whole industry most their profit structures don't make sense
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post #4 of 18 (permalink) Old 10-07-2012, 09:47 AM
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[QUOTE=JFMURFY;36475]Recently bid a mold project for the Brothers here in CT, basement full of the black gold. Approx 30x30 basement, Wood paneling up 1/2 way on walls, Ceilings have two layers of 1/2" drywall. It's a townhouse condo an ya need to walk out the front door, around the condo, around the garages to the parking lot to where you could set a roll-off.
Submitted a bid for a few grand. A week later they whacked the bid by 70% an issued our company an WO. Naturally I declined it, but they indicated HUD reduced the bid.
It is a US Bank Home Mortgage property. What I wonder is how 5 Bros says HUD reduced the bid if US Bank is their client. Does 5 Bros have direct access to



Funny! I am a direct government contractor. I bid on small federal jobs on occasion. Did a lot more before core logic took over USDA owned homes. The funny thing is if my bId is too high I don't get the job. There is no email back saying the government cut my bid. This whole bid adjusting thing is a servicing company racket.
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post #5 of 18 (permalink) Old 10-07-2012, 09:50 AM
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Their answer BLAH BLAH BLAH its a national cost estimating software program or it is their in house price list.

FIRST AND FOREMOST CHECK YOUR GL COVERAGE
again
FIRST AND FOREMOST CHECK YOUR GL COVERAGE

I have been in business for 17 years and I have NO spots onmy insurance NOT 1 claim. My insurance WILL NOT allow me to hire a mold remediation company to do the work. !!! BE cautious if you are NOT scrubbing the studs ( BLEACH DOES NOT COUNT bleach is mostly water which you are trying to erridicate ) and then spraying them with a killing agent, you are wide open for liability. also visable mold only or surface mold only in your bid put that wording in !!! Then once it is opened up and you find more if you take t he job you have an additional bid to make more with.

These nationals are playing semantics with your livelyhood and insurance by calling it discoloration don't be sucked in. WALK
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post #6 of 18 (permalink) Old 10-07-2012, 09:55 AM
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Roofs, mold, major build back/repairs.................... I told all of them that my expertise is NOT in those areas, my insurance and workers comp does not cover me doing that and that THEY must find a licensed specialty contractor. NOT ME.

They all hated it, but probably found a hack that would do what they were told.
Probably part of why I don't do much bank work any more either.

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 #7 of 18 (permalink) Old 10-07-2012, 10:17 AM Thread Starter
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Funny! I am a direct government contractor. I bid on small federal jobs on occasion. Did a lot more before core logic took over USDA owned homes. The funny thing is if my bId is too high I don't get the job. There is no email back saying the government cut my bid. This whole bid adjusting thing is a servicing company racket.[/QUOTE]

Thanks mtmtnman... That's what I thought... Waiting to hear back on my FOIA bid debriefing request... I think I'll be waiting a good long time.
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post #8 of 18 (permalink) Old 10-07-2012, 12:05 PM
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Quote:
Originally Posted by JFMURFY View Post
... Waiting to hear back on my FOIA bid debriefing request... I think I'll be waiting a good long time.







Oh yeah, myself and others have been told when asked for proof........... "NOT GOING TO HAPPEN!!!!!!!!!!!!!!!!!!!!!!!!!"

"Its proprietary info and we are not and will not be sharing it".



Basically their way of trying to dance out of being caught in a big fat lie.
Stick to your guns and don't accept the w/o.

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 18 (permalink) Old 10-07-2012, 02:58 PM
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Quote:
Originally Posted by JFMURFY View Post
Recently bid a mold project for the Brothers here in CT, basement full of the black gold. Approx 30x30 basement, Wood paneling up 1/2 way on walls, Ceilings have two layers of 1/2" drywall. It's a townhouse condo an ya need to walk out the front door, around the condo, around the garages to the parking lot to where you could set a roll-off.
Submitted a bid for a few grand. A week later they whacked the bid by 70% an issued our company an WO. Naturally I declined it, but they indicated HUD reduced the bid.
It is a US Bank Home Mortgage property. What I wonder is how 5 Bros says HUD reduced the bid if US Bank is their client. Does 5 Bros have direct access to the "all knowing" HUD estimators.
Check out the link below. This is bid fraud if it is HUD. There is a phone number in the link to contact the HUD inspector general for specifics. Good luck and let us know how it turns out

http://sofi.typepad.com/sofi-inspect...bid-fraud.html



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post #10 of 18 (permalink) Old 10-07-2012, 04:55 PM
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Thanks Brad, I had forgotten about that article.


JF you should call the brothers in and see how bad it gets their stuff in a wringer.

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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