What should a contractor do if they realize estimates were incorrectly calculated?

A contractor should immediately inform the client and provide revised estimates when they realize that their calculations were incorrect. This approach upholds professional integrity and transparent communication, which are essential in the contractor-client relationship. Notifying the client allows for trust to be maintained, as the contractor is taking responsibility for the misunderstanding and ensuring that the client is fully aware of the accurate costs involved.

Revising the estimate based on corrected calculations demonstrates the contractor's commitment to delivering an honest and fair assessment of the project. It also gives the client the opportunity to make informed decisions regarding the project scope, budget, and any necessary adjustments they need to consider.

Addressing mistakes openly can prevent potential disputes down the line, enhance customer satisfaction, and foster a stronger relationship between the contractor and the client. This proactive communication is essential, as it sets a standard for professional conduct and accountability in the home improvement industry.