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Paints won't cut it - Waterproof first
Hi Mike,
Having the contractor put in the time and effort to re-shim coat it would, in my opinion, be a waste.
Field stone foundations will allways allow moisture and water through, which will beat at that coating and eventually cause it to peal and chip off again - even with a waterproof paint on the interior side of the coating.
If anything have the contractor spend the time updating the mortar joints of the foundation wall. This will help limit the amount of moisture and liquid water in. A flexible vapor barrier should then be put upon the stone foundation to catch any remaining moisture and water and channel it to a drain underneath the basement floor.
This is the best method to properly repair and protect the wall and the interior of the basement.
Pioneer covers Mass, CT, and Rhode Island....where are you located??
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