Why Bids by Contractors can Be Higher than Expected

After planning and saving for months, you could be ready for a project that will give you the living space you’ve always desired. You just need to find and hire a professional contractor to have the job done expertly. However, when you ask for bids from contractors, you may realize that their figures are ridiculously high. That means you have to start all over again or call off your project completely. But how or why did things turn out this way?

You Did Not Stress Test Your Budget against the Scope of Your Work

When bids by contractors are higher than expected, it means that you and the architects operated in the dark when budgeting for the project. Some architects do not have a sense of the costs of projects even after being in the industry for years. That’s because construction projects vary. Variables for comparing renovation projects vary among architect contracts, rules, and needs of clients. To avoid this scenario, take time to understand the scope of the work to be done.

Poor or Lack of Early Consultation with Contractors

Architects have the necessary expertise to build or transform buildings according to the wishes of clients. They know the best products and methods to help you achieve your goals. However, architects should work with contractors to know the amount the projects of their clients will cost. If an architect work alone, they will eventually come up with a project that may be way beyond what a property owner can afford.

Increasing Work Scope with Development of the Design

Naturally, you will be excited about your construction project. This excitement can make you add new items and upgrades without realizing their effect on your budget. Before you know it, little details will have accumulated dramatically. This means the contractors you approach will bid more than you may expect.

In addition to these factors, miscommunication can also prompt contractors to bid higher than expected. Therefore, communicate with contractors clearly and early to get bids that are within your range.

How to Avoid Construction Disasters and Cowboy Builders

Cowboy builders have been around for a long time. These are individuals without qualifications and licensing yet they consider themselves builders. Working with such builders puts you at the risk of construction disasters. In addition to following unsafe construction practices, cowboy builders expose you to the risk of financial losses. But, how do you avoid them? Here are tips to help you.

Hire a Professional Contractor

Before you hire a contractor or a person that purports to be a contractor, ask them to provide prove of their professionalism. An accredited or certified contractor is the best to work with. That’s because this is an expert with knowledge of the best construction practices. They follow professional guidelines and adhere to the highest professional and industry standards.

Get References

Even after finding an accredited contractor, ask for their references. This will enable you to know the true character of the contractor. Take time to have a look at the properties that the contractor has worked on. If the owner of the building that a contractor has worked on can’t recommend them, think twice before you hire them. Only a client that has worked with a contractor will provide an honest review regarding their work.

Hire an Insured Contractor

Cowboy contractors change their names when declared bankrupt. This gives them a brand new name that makes them look like debt-free practices when this is not the case. To ensure your protection, work with an insured contractor only. Ensure that you have a developer insolvency insurance in place for your project.

Choose a Safe Payment Plan

To protect yourself, make sure that you have the right payment plan. Avoid paying a contractor too much upfront. Good contractors have funds to cater for upfront expenses of your project. They prefer getting paid after completing the work.

To avoid cowboy builders and the construction disasters associated with them, follow these tips. Always do your homework before you hire a contractor.