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Even if l give him the 5 days to try again, he screws up the second attempt, l have no choice but to replace the floor. Which would be fine for me but he seems to feel l should be flipping the bill for those materials. Is that right???
Well, I still cannot comment on the refinish because I haven't seen photos of it. But regardless, the customer needs to be satisfied with the results, and it
sounds as if those results are inferior. If you decide to let him redo the floor and he still messes it up, I see no reason to replace the floor. A 3/4" thick floor should be able to be refinished at least 3 times, and usually more. And you should not have supply new flooring or have it replaced. There would be one exception to this. If the flooring had deep bevels to begin with, and he sanded those out. That requires extra sanding which would reduce the thickness of the flooring by more than a normal refinish would. In this case, there is less life, and refinishes, left in the floor. But IMO, you should still not have to pay for materials.
But what to do? Usually, when a contractor messes up, common business practice says he should be allowed to make good his mistake, at his expense. However, if he has proven to the customer he is not competent to do the work, the customer should be able to cancel the contract and hire someone else. I would recommend you speak with him and inform him that you will allow him to get out of the contract and you will hire someone else. He will not get paid anything and refund to you any deposits or funds he has received. Then you hire someone else. If he refuses and insists he be allowed to redo the work, then you may have to let him. But inform him if you are not satisfied after his second attempt, you intend to sue him for damages beyond the cost of the job. This may motivate him to let you out of the contract.
As a contractor myself, I try not to judge others. And without seeing photos of the work, I will not assume his work is less than satisfactory. I hope this turns out OK in the end.