Why the Fine Print is Important

I recently worked with a contractor who, while he does incredible work and has always had a good track record for satisfaction, he often performed work or starting doing work without having a contract in place.  Provided the job goes exactly according to plan, everyone will be happy and the fact that there wasn’t a contract in place won’t have mattered.   However, this time was different.  He worked out a price for work but the homeowner thought they were getting  x, y, and z when he did w, x, and y.   In the end, the homeowner wasn’t happy, the contractor felt slighted and both parties walked away unhappy.   So what does this have to do with reading the fine print when they didn’t even have a contract in the first place?

Well, most people (myself included at times) get caught up in the prospect of a new job, new sale, or new partnership that we often don’t read the contract fully.   If nothing ever goes wrong, it won’t really matter.  But in some instances, whether it being a subcontractor not living up to his end or materials arriving late, or work not being done up to the level specified in the contract, the wording of the contract is all that you have to go by which is why it is important to read the fine print.

That leads me to a great video that I found on a fellow internet marketers blog.  The video is of David Lee Roth from Van Halen talking about his “brown M & M clause”.  Most people just thought it was a rock star being a rock star, but there was a reason why they insisted that none of the venues they played at had brown M & M’s back stage..   check out the video on this blog to find out why:

http://www.jimbanks.co/brown-mms/

And the next time you are getting ready to sign a big contractor, whether it is with a best friend or a new partner, make sure you read the fine print!

Tags: , , , ,
Posted on Mar 08, 2012 by admin | Posted in Construction Bids, Construction Contracts

Leave a Reply

database management software