- How Does Binding Price Work?
- Read the Agreement Thoroughly
- Accurate Inventory is Essential
- Non-Binding Agreement
1. How Does Binding Price Work?Binding price not-to-exceed contracts help movers by guarantying a fixed estimate that will not become (surprisingly) more expensive, preventing the price from increasing during or after the move is completed. There is also an added bonus that if the weight is less than the binding estimate, the consumer will only have to pay the lesser amount. A moving company that offers the binding price agreement will provide the mover with a binding estimate along with a bill of lading (or receipt). Most experts agree that binding price contracts are usually a good way for movers to receive an estimate for their move and that if possible should make a point of requesting one.
2. Read the Agreement ThoroughlyThe price estimate of the move is usually based on the weight of a previously inventoried list of items. The weight could possibly be and is often, more expensive or just different than what was originally estimated to be or proposed. If the mover wants to add more services after the contract has been signed, the moving company may request that the mover signs an addendum to the original binding agreement. Although these agreements can protect consumers and make them feel more financially at ease, they should make plenty of time to read through the language of the contract in detail before signing so as to avoid any inadvertent agreement to various specifications and stipulations that would require, for example,
3. Accurate Inventory is Essential
The company could refuse service if there are additional unlisted items that need to be moved and that is not mentioned in the agreement. If it turns out that additional items need to be added to the contract, a written attachment can be added to the binding agreement, which then makes it a non-binding agreement. To avoid unbinding the agreement and losing the protection, it is best to make a clear and accurate inventory of all of the items being moved so that the binding contract remains intact and does not become needlessly exorbitant.
Shuttle service (or auxiliary), long carry charges, and/or flight charges may count as additional charges which lay outside of the binding price moving contract and that a
mover will have pay for separately after the move, not before.
In most cases, the binding contract must be paid at delivery with certified/cashier’s check, money order, or cash.
Some companies will accept credit card payment if arranged prior to delivery. If for some reason the mover cannot make the payment at delivery, the moving company may opt to place all of the objects in a storage and the
4. Non-Binding Agreement
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