When it comes to designing a new custom home or undertaking a major remodel project that necessitates the use of a general contractor, one of the most difficult challenges is deciding who to hire. There are two basic approaches to this method. Have a look at General Contractors for more info on this.
Choosing a contractor is the most critical decision you can make, since it will determine the success or failure of your new home or remodel project, as well as the proper or improper completion of it.
Pre-bidding, also known as competitive bidding, is the most common method, which states that you should receive at least 3-5 bids for your project. In an effort to be open and frank with their future contractor, most homeowners would tell them up front that they intend to get 3-5 estimates. Few people know how much effort goes into estimating a new building or remodelling project. Usually 30-40 hours, including travel time to and from the site, time spent on site, meetings with subs, and so on.
Competitive bidding simply informs contractors that you are market shopping and would like to know how cheaply the work can be performed given this fixed set of plans. Imagine visiting a cosmetic surgeon with such a mindset!
Contractors earn a living by building you a new custom home or making your current home dreams a reality. While they generally want to do high-quality work, they still need to make a living and need your project.
There are various methods for assessing the lowest bid. One option is to hire very low-cost subs who are chosen based on their lowest price, assuming that all subs have factored in every aspect of the job. The majority of the time, this means recruiting subpar employees who have barely budgeted enough for labour and supplies, let alone a warranty on their jobs. Another alternative is for the general contractor to lower his overhead and contractor’s fee, which reduces his willingness to prioritise the project’s completion, leading the homeowner to feel he is not doing his job and contributing to the public’s negative view of general contractors. You want and need a general contractor that works with an established and dependable group of subcontractors and charges you enough to remain in business, so you can call him in eleven months and he’ll still be there.