What is the name of your state? new jersey
have a signed contract to rebuild a portion of a home which was damaged in a fire. homeowner (HO) had a second estimate for 70k but chose my company. could not get required deposit because HO said he was waiting for the insurance check. first payment was due 1 week before job begins. job to begin approx. 5/29 when permits are approved. been calling since 5/20 to get payments and finalize schedule. HO finally called 5/24 saying my price is crazy. that his brother will do the job. also said second estimate lowered price to 65k. i say we have a signed contract and i allocated that time for his 6 week job. 1 week notice does not give me the opportunity to fill that large slot. HO does not care. says my price was out of line even though he had a second estimate only 10% cheaper.
my question: what should be my coarse of action?
im adding a scan of the contract to help.
http://i39.photobucket.com/albums/e178/sulconst2/b0121721.jpg
have a signed contract to rebuild a portion of a home which was damaged in a fire. homeowner (HO) had a second estimate for 70k but chose my company. could not get required deposit because HO said he was waiting for the insurance check. first payment was due 1 week before job begins. job to begin approx. 5/29 when permits are approved. been calling since 5/20 to get payments and finalize schedule. HO finally called 5/24 saying my price is crazy. that his brother will do the job. also said second estimate lowered price to 65k. i say we have a signed contract and i allocated that time for his 6 week job. 1 week notice does not give me the opportunity to fill that large slot. HO does not care. says my price was out of line even though he had a second estimate only 10% cheaper.
my question: what should be my coarse of action?
im adding a scan of the contract to help.
http://i39.photobucket.com/albums/e178/sulconst2/b0121721.jpg
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