ᐅ Price Increase – Our Construction Company Wants 21.4% More

I am honestly shocked right now. Our construction company just informed me that they want 21.4% more money due to price increases in the building industry. At the moment, I am still stunned and can’t think clearly.

A look at your contract should provide clarity here.

Wow, that’s quite a statement. You had already signed, hadn’t you? I’m with Halmi on this and keeping my fingers crossed for you!

Phew... that’s really a lot... amazing.
I’m curious whether that can just be done like that. Since we contracted everything separately, I have no idea how it works with a general contractor.

What does the contract state?
Price guarantee for how long?
If exceeded, for how long already?

Note for non-experts:
I understand that beyond a certain threshold, he must disclose his calculations both before and after the work.
The best option is to seek professional advice. It doesn’t necessarily have to be a lawyer right away; initially, contacting a consumer protection agency might be sufficient.

Good luck!