I underbid a house I am building, what can I do?

[Jonah1844]

I am a builder in North Carolina. I am almost finished with a house that I built for a customer. I have recently found out that I have underbid this house by about 18,000.00$ The house is built on his property and my contract is only for me supplying the materials, labor, and supervision to build this house. All of the material accounts are in my name. If I finish currently, I will end up owing 2 suppliers at a cost of around 10,000.00$ total for both. If he would agree to renegotiate with me the 18,000.00$ that I underbid then I would be able to pay off the material suppliers and have around 8,000.00$ left over, if not, I have not way of paying those suppliers at all. Is there any thing that I can do besides file for a (second) bankruptcy?

[Ainslie X11]

Talk to your attorney, have the attorney review the contract documents to determine if there are grounds to renegotiate during the life of the contract.

[Tilt0Matic]

No offense but how in the world did this post wind up here?

[conradical]

No offense but how in the world did this post wind up here?

[KLB]

No offense but how in the world did this post wind up here?

Indeed, not only is this off topic for this forum, it is completely off topic for SitePoint in general.

I would say, however, that a contract is a contract and that the contractor is in deep trouble. There is very little reason why the customer should renegotiate the contract nor should the contractor expect such a favor. A lawyer might be the most sound advice to keep their situation from getting worse than it already is.

[bo5ton]

Depends, are they nice people or not?

[demosfen]

The only explaination for such off-topic post ending up here I can think of is maybe he bought a new Dell (or whatever) and his home page was preset to www.sitepoint.com/forums. The guys at Dell messed up something.

[mhdoc]

Vist a site called www.markupandprofit.com ask the question there. It is the best site I know of for contractors.