Get three bids for your remodeling projects -- you've probably heard the mantra countless times. But now that you have your bids, are the total prices the only important consideration? Well, of course, they can carry a lot of weight when making your decision -- especially if you're operating on a tight budget.
However, that total figure should only be one part of the process when comparing bids from contractors. Examining your estimates in depth can sometimes reveal that the low price isn't always the best choice.
Large construction projects that use an architect's services leave very little to chance. They usually have very detailed blueprints and specification books to ensure all contractor bids are complete and for the same scope of work. The architect may even specify minute items such as the type of door hardware to be installed and the mix for the concrete in the slab. If a detail is missed when pricing the project, it's the contractor's responsibility to make it right if awarded the job.
Unfortunately, you probably don't have the luxury of spec books and detailed drawings when bidding out your home remodeling project. This means the responsibility falls on you for ensuring each contractor's price covers all aspects of the job. A few items to look for when comparing bids:
Check the total prices when comparing your three contractor bids, but what's contained in the body of their estimates can be just as important to your remodeling project and its budget.