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You are correct. I suggest that you total what you think he should be paid under all the circumstances including the cost to complete the job. Come to a figure and DO NOT NEGOTIATE. And tell him it is non negotiable. Send him a letter certified mail RRR with the info. Add that if he won't accept the figure, he is welcome to sue you in small claims court.
NOTE: the maximum you can sue for in OHIO small claims is $3,000. If your damages are more than that, you will have to go to a higher court and get a lawyer. Analysis: It may be better to take the 3K than hire a lawyer to get more but have to pay him a fee.
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