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What is the most common way that contractors bid on projects?

Fixed price for a fixed amount of work
68%
Time and materials (T&M)
29%
Price not to exceed (NTE)
2%
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Question: What is the most common way that contractors bid on projects?
Top Answer (68% of 113 votes): Fixed price for a fixed amount of work.

Answer: Fixed price for a fixed amount of work
Explanation: fair pricing will get you in the door
New Era General Construction
Answer: Fixed price for a fixed amount of work
Explanation: Most contractors we compete with will provide a detailed written estimate that includes not only what the quote includes but also what it excludes. Most general contractors will also provide you with detailed lists of what finish materials will need to be purchased along with some budget guidelines for the homeowner.
Classic Home Improvements
Answer: Fixed price for a fixed amount of work
Explanation: We work by scope of job and contract
Design Carpentry By Richard inc
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Charge by the Area That you were working on And amount of footage
JRT Construction
Answer: Price not to exceed (NTE)
Explanation: We feel this is the best way to serve a client. The client has a budget and does not want to exceed it. If he elects to go with time and materials there is no telling what the costs are until the project is completed. More than likely the project will have gone way over the budget. There are no controls.
Boardwalk Construction
Answer: Fixed price for a fixed amount of work
Explanation: By observing the amount of work coupled with your experience in your field of work, one should have the ability and knowledge to provide an estimate for the assumed amount of work. Always have explicit contingencies in your contract for unforeseen developments.
Sovereign Solar
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: I have fixed pricing for all of my services.
House and Home Inspection Services
Answer: Fixed price for a fixed amount of work
Explanation: Price based on written Estimate
BBUDC INC
Answer: Time and materials (T&M)
Explanation: Generally when we bid a project we calculate the material cost first, including permits, line marketing, dump, etc. Then we calculate the labor cost and taxes. Whatever is left after all these items is profit typically.
Moda Roof and Fence Company
ProMatcher
Answer: Time and materials (T&M)
Explanation: To be very honest fixed rate would hurt if we ran into problems it would fall on contractor. I only do this for Appliance Installation, small things on large Projects rough estimate of time and materials any modifications or issues that arise unseen discussion with home owner to be done first before any work will continue.
Big Eight Mechanical
Answer: Time and materials (T&M)
Explanation: We bid usually on labor, and then customer will be billed for materials, this works out the best since you know the labor cost, which usually can go up or down based on the size of the job and material which does not change as much.
The Raystruction Group LLC
Answer: Fixed price for a fixed amount of work
Explanation: It is usually easier for the contractor and the client to know exactly what is expected. By bidding and doing work under a fixed price/fixed amount or work format, everyone knows exactly what needs to be done.
JERON MILLER LLC
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Each project is Custom and needs to have its own cost
Dmar.Remodeling.llc
Answer: Time and materials (T&M)
Explanation: t&m is the most ways contractors bid but not always it depends on how the customer wants the bid
Four All Seasons Construction
Answer: Fixed price for a fixed amount of work
Explanation: Most Clients like to establish a fixed budget amount for their projects.
Kling Brothers Builders LLC
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: it is only fair to the costumer to know how much and what type of work he is paying for.
Aten Construction Services
Answer: Fixed price for a fixed amount of work
Explanation: This is probably the easiest way to do it and this way the customer knows what the total cost will be.
Garrett Companies
Answer: Fixed price for a fixed amount of work
Explanation: Consumers need to know up front what project is going to cost.
A Vega Construction
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Because each job is unique and each job requires a different amount of time and materials, each bid should be treated individually with a thorough look at the job and quoted based on what needs the customers is looking for.
BM PAINTING CONSTRUCTION INC
Answer: Fixed price for a fixed amount of work
Explanation: we look at the job and determine the cost for the work the consumer wants to do . we like to give customer a straight answer when it comes to price so they dont have a doubt about our service.
RG Construction usa inc
Answer: Fixed price for a fixed amount of work
Explanation: Most customers want to know what they will be paying for the job they need completed
Reston Painting & Contracting
ProMatcher
Answer: Time and materials (T&M)
Explanation: In the water and remediation business the materials and labor required is different on every job. I am trained and use the same software estimating program that the insurance adjusters use. This keeps us on an even playing field.
Mold Masters, Inc.
Answer: Fixed price for a fixed amount of work
Explanation: We bid jobs based on scope of work.
IFC Contracting Solutions
Answer: Fixed price for a fixed amount of work
Explanation: The majority of home owners wish to know clearly what their cost for a job would be without no hidden clauses or cost. That is a contract any other agreement would be based on an estimate and open to change often at the hands of a contractor
Hennessy & Co.
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: This depends on the client, the type of job, a number of factors
Krause Construction
Answer: Fixed price for a fixed amount of work
Explanation: We view the project in mind. Estimate materials and all labor and then submit a price for that particular project
R.S. CONSTRUCTION AND HANDYMAN SERVICES
Answer: Time and materials (T&M)
Explanation: Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs. The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain amount of profit (cost reimbursement or cost plus). The tender which is submitted by the competing firms is generally based on a bill of quantities, a bill of approximate quantities or other specifications which enable the tenders attain higher levels of accuracy, the statement of work. For instance, a bill of quantities is a list of all the materials (and other work such as amount of excavation) of a project which have sufficient detail to obtain a realistic cost, or rate per described item of work/material. The tenders should not only show the unit cost per material/work, but should also if possible, break it down to labor, plant and material costs. In this way the individual who is selecting the tender will be quite confident that the tender is feasible. Bids are not only chosen on cost alone. Sometimes contractors submit lower tenders to win the contract and win the work. Either the costs that the contractor incurs are greater than the price he is charging the client (as a consequence of a lower tender determining the contract sum), and thus is likely to go insolvent, or he will claim for "loss and/or expense" due to discrepancies in the contract documents (this can be done deliberately). The lowest tender is not always a feasible tender. The lowest tender is the most likely to increase the contract sum, the most throughout the course of the project.
CRU KUSTOM WORKZ
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: We always use a full scope of the project for a set price.
BOLT Construction & Roofing
Answer: Fixed price for a fixed amount of work
Explanation: We have subs offer bids based on specified scope of work.
Apex Management Group
Answer: Fixed price for a fixed amount of work
Explanation: WE understand the business enough to leave all the thinking to us. You rely on a professional to come and know exactly what to do without any interruptions. We want you to see back and know that our team will handle the entire project so you never have to worry. WE are here for the long run.
Contractor Plus inc.
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Generally it is an estimated cost reflecting the size and material installed. Most contractors use a fixed price to complete the job turnkey and within the amount quoted.
Team Texas Construction, LLC
Answer: Fixed price for a fixed amount of work
Explanation: Most contractors estimate how long is going to take them to build or repair something than they add the cost of materials and most contractors add 10% to make sure that if something goes wrong they can still break even.
Reyes & Son Construction
Answer: Time and materials (T&M)
Explanation: Every Construction project is unique; most commonly Design, Bid Build.
Klein Developments
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: We are flexible and provide a fixed price for a fixed scope of work. We also offer hourly or time and material rates depending on the customers request.
DC Construction Services Inc.
Answer: Fixed price for a fixed amount of work
Explanation: we check first how is the price,and we can figured with the materials
insul-pros insulation & landscaping
Answer: Fixed price for a fixed amount of work
Explanation: You can't start a job unless you agree with a client to a fixed amount for your services. T&M and NTE is a very unconventional and very unprofessional approach to coming to an agreement with a client and is not recomended by North Jersey Pro Builders.
North Jersey Pro Builders
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: we come up with a material and labor cost, that will make us a profit and provide value to the client
ECT Contracting LLC
Answer: Time and materials (T&M)
Explanation: Customers project cost is always based on job cost. My materials,and labor is always my job cost.
Preston Hollow Fence Company
Answer: Time and materials (T&M)
Explanation: NOT EVERY PROJECT IS THE SAME
Whitman's Asphalt Inc.
ProMatcher
Answer: Time and materials (T&M)
Explanation: We all need to make a certain amount per hour
Major League Construction
Answer: Time and materials (T&M)
Explanation: Amount of labor time plus the material costs.
Icon Homes LLC
Answer: Fixed price for a fixed amount of work
Explanation: the most common way is to get the estimated cost for all of the trades involved and add the GC percentage for overhead and profit.
Construction Management Group
ProMatcher
Answer: Time and materials (T&M)
Explanation: I bid the job according to how much time & money it will take to complete.
D. Leonardo Contracting
Answer: Fixed price for a fixed amount of work
Explanation: Estimate a job and stick to the contracted amount unless a change order is needed
Hilltop Builders LLC
Answer: Fixed price for a fixed amount of work
Explanation: Most homeowners like to know what it will cost instead of guessing how many hours or how much material will cost.
Bigfoot Remodeling LLC
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Our business charges by the square foot. And a set additional price for extras- for example, fire places, extra bathrooms, etc.
fresh&clean cleaning service
Answer: Time and materials (T&M)
Explanation: time materials and per square foot for new construction cleaning
Two Girls and A Crew Cleaning
Answer: Fixed price for a fixed amount of work
Explanation: With a fixed price contract we both know what the final cost will be and exactly what the project scope is.
J. N. Residential, Inc
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Basements are subjective to size and style
Precision Construction
Answer: Fixed price for a fixed amount of work
Explanation: Easier
KK CONTRUCTION & REPAIR LLC.
Answer: Time and materials (T&M)
Explanation: Most contractor I work with charge time and materials, especially for renovation project that you don't know what types of surprises you'll find in demolition!
LaRochelle Interiors, LLC
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Some charge by square footage. Some charges by the service needed, amount of time to complete service, employees needed for service, distance from site etc..
1ST PLACE CLEANERS LLC
Answer: Fixed price for a fixed amount of work
Explanation: We do our best to bid the entire job.
Another Wire Guy, Inc. Plaster & Stucco Contractors
Answer: Fixed price for a fixed amount of work
Explanation: Most jobs i know by competent contractors include any work that might be hidden and built into their estimates
Soaring Enterprises, inc
ProMatcher
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