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

Answer: Time and materials (T&M)
Explanation: Contractors use the time and materials (T&M) method for bidding on projects for several reasons: Flexibility: T&M contracts offer flexibility for projects where the scope of work is uncertain or subject to change. Instead of providing a fixed price based on a defined scope, T&M contracts allow for adjustments based on the actual time and materials required as the project progresses. Transparency: T&M contracts provide transparency to both the contractor and the client regarding the costs associated with the project. Clients can see a breakdown of labor hours, material costs, and other expenses, which helps build trust and understanding between parties. Complex Projects: For complex projects with variable requirements or unforeseen challenges, T&M contracts can be more appropriate than fixed-price contracts. They allow contractors to adapt to changes and address unexpected issues without renegotiating the entire contract. Cost Control: While T&M contracts may seem less predictable than fixed-price contracts, contractors can still implement measures to control costs and ensure efficiency. This includes providing detailed estimates, tracking time and materials carefully, and communicating openly with the client about any deviations from the original plan. Client Involvement: T&M contracts often involve greater client involvement in decision-making and project oversight. Clients have more input into the direction of the project and can make adjustments based on their preferences or budget constraints. Overall, the T&M method provides a balance of flexibility and transparency, making it suitable for certain types of projects where fixed-price contracts may not be feasible or practical. However, it's essential for both contractors and clients to establish clear expectations and communication channels to ensure the success of T&M projects.

Answer: Price not to exceed (NTE)
Explanation: Normally customers have a cost project budget and my company always is commitment to adjust from our estimate to the customer budget.

Answer: Time and materials (T&M)
Explanation: The estimate pricing . Includes the materials and the labor . Also the start and the end day .

Answer: Fixed price for a fixed amount of work
Explanation: We do smaller jobs for time and materials but larger jobs will be bid based on square footage

Answer: Time and materials (T&M)
Explanation: Time and materials is the most cost effective way to get the right number for your bid.

Answer: Time and materials (T&M)
Explanation: How Contractors Use Time and Material to Generate Quotes Time and material (T&M) is a common method that general contractors use to estimate the cost of a project. T&M involves calculating the labor hours, materials, and equipment needed to complete the work, and adding a markup percentage for profit. T&M is often used for projects that have a high degree of uncertainty, complexity, or variability, such as remodeling, renovation, or repair. T&M allows contractors to adjust the price as the project progresses, based on the actual time and material used. T&M has some advantages and disadvantages for both contractors and clients. Some advantages are: - Flexibility: T&M allows contractors to accommodate changes in scope, design, or specifications without renegotiating the contract. - Transparency: T&M provides clients with a detailed breakdown of the costs and progress of the project. - Efficiency: T&M encourages contractors to work faster and more efficiently, as they are paid by the hour. Some disadvantages are: - Risk: T&M shifts the risk of cost overruns and delays from the contractor to the client, as the final price is unknown until the project is finished. - Disputes: T&M can lead to disputes between contractors and clients over the accuracy, validity, or necessity of the time and material charges. - Oversight: T&M requires more oversight and documentation from both parties to ensure the project is on track and within budget.

Answer: Fixed price for a fixed amount of work
Explanation: Most projects are done by a fixed bid. Unless it's a service or maintenance repair than it can be a time and material.

Answer: Time and materials (T&M)
Explanation: Labor and materials or just price for labor with client providing materials.

Answer: Time and materials (T&M)
Explanation: It is always based off of materials and man hours.

Answer: Fixed price for a fixed amount of work
Explanation: Contractors normally charge by the square ft. For residential roofing that number is around $4 - $5 per square ft right now.

Answer: Fixed price for a fixed amount of work
Explanation: It’s charged by how many yards of concrete in square footage how much 21 AA needs to be brought in compacted, and if we had the buggy, the concrete and how much side or concrete needs to be removed to set forms and grade

Answer: Fixed price for a fixed amount of work
Explanation: We usually can give you a price the same day. It is a fixed price that is good for 30 days.

Answer: Fixed price for a fixed amount of work
Explanation: Everything will be listed in the contract between the homeowner and the contractor provided by us and we read through together and explained thoroughly we are completely transparent

Answer: Fixed price for a fixed amount of work
Explanation: We run a model on pitch X squares = bill

Answer: Time and materials (T&M)
Explanation: You don't know how much time the job will take until everything is laid out, what the customer wants is what's important! With that said, there're many levels on which materials can be purchased, that can meet a customers budget!

Answer: Fixed price for a fixed amount of work
Explanation: In most cases, contractors can give a set price on a project. Other times, it is very difficult to put a set price due to unforseen items or a large list of small items.

Answer: Fixed price for a fixed amount of work
Explanation: 4 Square Roofing provides an ariel measurement for each new roofing system replacement with our partners at Eagleview along with a labor and material proposal based upon the current market price per roofing square for remove and replacement.

Answer: Time and materials (T&M)
Explanation: This is the best way to ensure a fair cost to the customer and ensure profitability for the company and/or contractor. This is the best practice when there are foreseeable changes and additions to a project.

Answer: Time and materials (T&M)
Explanation: Estimates are given for labor costs and with customer wants in material cost

Answer: Fixed price for a fixed amount of work
Explanation: I like to come to an agreement on the labor of work for the project

Answer: Fixed price for a fixed amount of work
Explanation: I believe in a contractor doing their homework and bidding a project. List a scope of work and fees. If there are unknowns, list them. For example, if you are redoing a bathroom. In most cases you won't know the extent of any water damage to the components, not visible, until you actually start the project.

Answer: Time and materials (T&M)
Explanation: However this is not always the best option for the customer. I personally do fixed price/work, with a sidenote for any possible issues that may arise (this is mainly while doing remodels or fixing someone elses mistakes) after 30+ years in the trades you get good at predicting issues on a project.

Answer: Fixed price for a fixed amount of work
Explanation: I think the most common way to bid on project used by a majority of contractors is a certain price per sq ft. I think this is the most accurate way on most projects because it takes the time element out of it. And both the contractor and the homeowner know exactly what they are going to make and what they are going to pay up front. With T&M it could end up costing the client more money.

Answer: Fixed price for a fixed amount of work
Explanation: Contractors usua)y charge tje going rate that other contractors charge at that Time

Answer: Time and materials (T&M)
Explanation: Sometimes issues arrive unexpectedly that may cost more but we pride ourselves in coming in under budget as often as possible.

Answer: Fixed price for a fixed amount of work
Explanation: On projects that provide plans with set guidelines for the project, we use a fixed price method of bidding so the client knows the cost for their project.

Answer: Time and materials (T&M)
Explanation: Time and Materials is the cleanest, most accurate way to complete a project. It is easy for the contractor to bid, and provides the client with a clear, easy to understand explanation of the expenses.

Answer: Fixed price for a fixed amount of work
Explanation: Flat Fee based on Construction COST is the most cost efficient way for a consumer.

Answer: Fixed price for a fixed amount of work
Explanation: Clients receive a bid and timeline based on initial review of the project. If no hidden repairs are found during demo or the customer does not change their mind about the finished product, the original bid will be upheld; this will be explained when signing the contract to begin labor.

Answer: Price not to exceed (NTE)
Explanation: I have known many builders who bid this way. It works well as it encompasses a fixed price bid and allows for some discount. It also opens the customer to a conversation about what could be found during the course of work, that may affect the price going forward. I have found that fixed price bids work for smaller, well defined scopes of work but remodeling projects either require building in a cushion which hurts the customer if no problems are found or the cause lost revenue or unhappy customers if problems are found. I tend to lean toward NTE but have worked with all these formats. T&M has its place when no plans can be provided.

Answer: Time and materials (T&M)
Explanation: Many contractors bid based on time and materials as a method to manage projects. This has its place in certain situations. Most often however, an estimate in bid is based upon initial guess of amount of time and materials to complete a given project and typically has a variance factor of plus or minus 10%. The advantages of this are at least relatively close ballpark of what the overall project should cause. Any additions or change orders requiring more labor or materials throughout the project obviously must be renegotiated as what's known as a change order. Change orders are typically agreed upon in writing and signed by both parties and dated and typically are above and beyond the initial scope of work and bid.

Answer: Fixed price for a fixed amount of work
Explanation: Contractors will bid the initial job at fixed amount and any extras that may arise can be either a fixed amount, time and material or a cost plus not to exceed. No extra work should be preformed without written consent.

Answer: Fixed price for a fixed amount of work
Explanation: When you are a home owner a lot of times you are saving up progressively to have something done to your home where you spend your days you want and need to know how much you are going to be spending to have a completed product. Now we all know things can happen that change things slightly but those stipulations should be layed oiut in your contract. You definatly don't want to go t and m and end up out of money with a half finished product that is now a hindrance to your daily life and price to not exceed we are humans and sometimes greed does get the best of your most honest contractor you can end up paying more for a job than you should have because you let them see your cards before they were delt.

Answer: Fixed price for a fixed amount of work
Explanation: This way you know what the project will cost

Answer: Fixed price for a fixed amount of work
Explanation: Time, materials, difficulty, and paperwork all add up to a fair and responsible fixed price.

Answer: Fixed price for a fixed amount of work
Explanation: A fixed price for a fixed amount of work is commonly used by just about every Contractor

Answer: Fixed price for a fixed amount of work
Explanation: Every job and situation is different , so for the majority of work we do is priced per project with a singed contract , but some jobs cannot be estimated like this so we would go with time & materials

Answer: Fixed price for a fixed amount of work
Explanation: AA Plus Construction. We do all types of Construction: Residential, or Commercial. * Roofing . * Painting. * Side walk  * Electrical. * Plumbing * Wood Flooring; Tile Work * Kitchen remodeling * Bathroom remodeling  * Sheetrock. * Gutter Cleaning * Fences * Framing. * Brick Pointing * Window replacement * Build a project from scratch Experience at both commercial and residential Free Estimate. Mike 917-968-6755

Answer: Fixed price for a fixed amount of work
Explanation: For example my pricing for roof replacements is very and market averages 350 a square for a asphalt re-roof 450 a square for asphalt roof replacement 550 a square for a cedar roof tear off

Answer: Time and materials (T&M)
Explanation: In my experience most contractors will determine their bid by adding material cost to the amount of time it would take to complete the task. Nte stands for not to exceed, and is usually given to a tech or person handling the job as a limit set by someone that actually bidded the job. Fixed price for fixing metal work I believe leaves too much room for error because every job is different and may require a different approach than the last.

Answer: Time and materials (T&M)
Explanation: It all depends on the project

Answer: Fixed price for a fixed amount of work
Explanation: I calculate how many days it will take. I have a certain amount I charge per day,per head count for that day. Add total material cost to that and come up with a final number. Example: Head count- 2per day Total Labor Cost Per Day= $383.00. Total Material Cost=$250 3Day Job LABOR=$1149.00 MATERIALS=$250= ESTIMATE TOTAL=$2548.00

Answer: Time and materials (T&M)
Explanation: PBI prefers the T&M method for residential work. The client can choose the material of choice such as fixtures and finishes and we will provide labor and equipment to complete the installation. This saves our clients alot of time and money than having someone bill hours of design services.

Answer: Time and materials (T&M)
Explanation: Contractors like myself calculate the time a project will take and the cost of all materials involved to come up with a final price.

Answer: Price not to exceed (NTE)
Explanation: This is a typical recommended contract endorsement of AIA

Answer: Fixed price for a fixed amount of work
Explanation: It is a certain amount per square with factors including but not limited to Pitch, layers of existing shingles, skylight installation, accessibility, numerous facets, etc.

Answer: Fixed price for a fixed amount of work
Explanation: We use a computer program designed to give current prices.

Answer: Fixed price for a fixed amount of work
Explanation: Our project managers have a budget for each property that is reviewed by a contractor. The contractor has the option of accepting or declining the job. We cover all material costs for general labor type jobs.

Answer: Time and materials (T&M)
Explanation: By adding the cost of materials and labor together and then putting a percentage on the end to cover company overhead and profit.

Answer: Fixed price for a fixed amount of work
Explanation: We offer flat rate pricing or pricing per square feet for 95% of the jobs we complete.

Answer: Fixed price for a fixed amount of work
Explanation: Provided the project clearly defined, this is the best price structure for the homeowner and the contractor.

Answer: Time and materials (T&M)
Explanation: I personally like the bid by the job, it keeps you motivated and allows scheduled time for quality work.

Answer: Price not to exceed (NTE)
Explanation: Bid and don't go over that bid unless they ask for more services

Answer: Fixed price for a fixed amount of work
Explanation: fair pricing will get you in the door

Answer: Fixed price for a fixed amount of work
Explanation: We work by scope of job and contract

Answer: Time and materials (T&M)
Explanation: Materials for the most part are going to have an average cost. Different jobs will need different materials yes, but overall that cost is factored into the total. Time is the variable that will change between contractors and so does price for that time. Some jobs are rated on a general service table for time allowed.

Answer: Fixed price for a fixed amount of work
Explanation: Charge by the Area That you were working on And amount of footage

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.

Answer: Fixed price for a fixed amount of work
Explanation: We measure the project and quote it. Price is fixed unless a hidden problem is discovered. The a quote is given before any more work is done.

Answer: Fixed price for a fixed amount of work
Explanation: I have fixed pricing for all of my services.

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.

Answer: Fixed price for a fixed amount of work
Explanation: A fixxed price is fair for both customer and contractor the only time prices go up would be for additional work or above scope

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.

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.

Answer: Fixed price for a fixed amount of work
Explanation: The price for wallpaper installation is based on the amount of single rolls need for the project. Here in Las Vegas all wallpaper needs a little extra paste including pre-pasted wallpaper. Commercial wallpaper installation is based on the square yard.

Answer: Fixed price for a fixed amount of work
Explanation: Each project is Custom and needs to have its own cost

Answer: Fixed price for a fixed amount of work
Explanation: Most Clients like to establish a fixed budget amount for their projects.

Answer: Time and materials (T&M)
Explanation: Labor and material cost is the most common process of contract bidding

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.

Answer: Fixed price for a fixed amount of work
Explanation: Consumers need to know up front what project is going to cost.

Answer: Fixed price for a fixed amount of work
Explanation: I charge by square ft. and exterior window pane.

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.

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

Answer: Fixed price for a fixed amount of work
Explanation: Find the perfect fit for your particular needs

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.