Whether you are doing a remodeling project in St. Paul or Minneapolis-or somewhere else in the world-one thing remains the same: choosing a contractor is one of the most important things that you will do. Having a great contractor on your side is extremely important and will make the difference between a mediocre remodel or one that is excellent. Of course while you are on the lookout for a top notch contractor, you are going to want to compare bids that contractors offer you along the way. You'll find that there is a lot of room for negotiation when it comes to the bids on the remodeling. So, when you do get a bit, you should learn to negotiate to make sure you get what you want. If you are ready to start comparing bids, here is a closer look at what to look for in bids, comparing them, the materials to consider, and the best tips for finding the best possible bid out there.
Things to Look for in a Bid
First of all, before you can really make a decision on contractor bids, you are going to have to know what you should be looking for in a bid. This is something that occurs before you sign a construction contract. So, here are the top things you need to look for in contractor bids on construction services for your home.
- Clear Definition of the Work - One thing that you should be looking for in a good bid is a clear definition of the work that you need to have done. The bid should be very specific about this. Having some plans included is a great idea, with the initials of the contractor at the bottom of the each page of the plans that have to do with their proposal.
- Dates of Starting and Completion - Another aspect to look for in a good bid is the dates when the contractor is going to state and when they propose to have the project completed.
- The Insurance Provisions - The insurance provisions should also be included in any bids from contractors. You will want to know what is covered and who is going to be providing that coverage.
- Price of the Bid - Of course the price of the bid should be included in the bid. Of course not just the price should be included. However, how the price will be paid should be included and when the money should be paid should also be a part of the bid. Here you should find how long the bid is going to hold as well.
- Responsibility of Cleanup - The responsibility of the cleanup is another thing that should be included in the bid that the contractors give to you. The last thing you want is to get left cleaning up everything on your own. So, make sure you see on the bid whether they will clean up after the work or if they are going leave it all up to you. This can definitely make a difference in the bid that you decide to choose, so read very carefully.
- Conditions that Can Lead to Withholding Payment - - Any conditions that can lead to you withholding payment is something else that should definitely be included on the bid.
Tips For Comparing the Bids
Once you have several different bids from various contractors, that include the construction services that will be offered and more, then you will need to start actually comparing these bids so you can go on to have a construction contract drawn up and signed. Carefully compare these contractor bids. You want to make sure that you go with the best possible option for your needs. A great way to compare is to come up with a comparison sheet so you can easily compare these bids. This will allow you to more easily see how the bids compare to each other. Remember, the price is not the only thing that you are going to want to consider. The quality of materials and amount of work is going to matter as well. Go for the best value for your money, not just the lowest price.
Keep the Quality of Materials in Mind
Product material quality is an important consideration when you are taking a look at the contractor bids that are offered to you. You need to realize that the lowest price that is offered to you may not be the best deal for you. Make sure that you look at the materials that are going to be used. Make sure that the materials used are going to be quality. Why pay less only to have lower grade materials used on the remodel? So, ensure that you keep this in mind when you are looking at the bids.
Top Tips for Finding the Best Bid
So, you may be wondering how you can find the best possible contractor bid. Well, there are several ways to do this. First of all, you need to go through the bids line by line. This way you get a good idea of the comparison. Go with the more experienced and quality contractor as well, even if they don't have the lower price. Consider trying to negotiate the price. Let them know you'd love to have them work with you, but you have a limited budget. They may be willing to come down a bit on the price quoted in the bid. If you never ask about a lower price, you'll never know if they will come down a bit. So, make sure that you get out there and do some negotiating so you and the Minnesota contractor can come to a good agreement.
Visit http://www.RemodelMinnesota.com to learn more about a the remodeling process as well as working with a contractor. John Mazzara is involved with financial services in the Twin Cities, MN. Officing out of Edina, Minnesota-John is centrally located within the 7 county MN metropolitan area. John owns three separate businesses-a licensed real estate broker associate selling Minnesota real estate since 1986-affiliated with RE/MAX Associates Plus http://www.MinneapolisStPaulHomes.com, an independent CFP-certified financial planner since 1989 with an independent Minnesota financial planning firm-Financial Planning Associates and the owner of a Minnesota mortgage broker firm-Venture Development Inc-specializing ins residential, commercial and investment mortgages If you are looking for someone to help you in the areas of real estate sales/purchase, mortgages, or and/or financial planning and insurance you should call John for a free 1 hour consultation to see if he can meet your needs. 952-929-2577. RE/MAX Associates Plus and Venture Development are located at 7300 France Ave S, Suite 410, Edina, MN 55435
No comments:
Post a Comment