Q: Should I take the lowest bid on my upcoming second story addition?
There seems to be a big range in the amounts. They all bid off the architects blueprints so the bids should be somewhat consistent.
A reputable contractor, with years of experience, is aware of details that are sometimes not included in the architectural specifications but are a necessity for successful construction. These details should be added to the price quote to avoid additional, hidden costs later on. The contractor should make you aware if he is bidding on anything not included in the blueprints.??Sometimes contractors will deliberately offer lower price quotes to be awarded jobs only to unveil other costs once the project is underway. They will then issue “change orders” to receive their compensation, which can be very costly to the homeowner. There are also cases in which the contractor underestimates a project. Once he realizes the discrepancy, he may see that the job won’t be very lucrative so consequently loses interest in the job. He may try to contract other jobs that will be profitable and put your project on the “back burner”. Beware of a low bid that is quite a bit lower than the others.
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I agree with the poster above and will add:
Make sure when you compare quotes between contractors, you are comparing "apples to apples". All things being equal, the prices should be similar. Professional contractors charge professional rates to be able to service what they sell and stay in business for the long haul.
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