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

Fixed price for a fixed amount of work
67%
Time and materials (T&M)
28%
Price not to exceed (NTE)
3%
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Question: What is the most common way that contractors bid on projects?
Top Answer (67% of 121 votes): Fixed price for a fixed amount of work.

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.
Construct Boss
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.
Misija construction
Answer: Time and materials (T&M)
Explanation: Fixed bids mean contractors must add a "risk percentage" to the price to guarantee that they don't lose money on a project. A well managed time and materials plan will save most customers money.
McLaughlin Design & Construction LLC
ProMatcher
Answer: Price not to exceed (NTE)
Explanation: Bid and don't go over that bid unless they ask for more services
Wagoner's Construction & Remodeling
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
ProMatcher
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.
TKR Ventures LLC
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
ProMatcher
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.
Cape Fear Exteriors
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
ProMatcher
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
Texmaxx Construction L.L.C.
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
ProMatcher
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.
Seamingly Straight Inc
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
ProMatcher
Answer: Time and materials (T&M)
Explanation: Labor and material cost is the most common process of contract bidding
In-depth consulting
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: I charge by square ft. and exterior window pane.
Stephanie Mitchell Professional Cleaning Services
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Find the perfect fit for your particular needs
CALIF-PRO Painting and General Contractor,Inc
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Fixed price for specific work is the most accurate method, and frequently the economical way of pricing a project. The more unknowns - the more likelihood of increased costs.
Rp Cutcher Construction
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: The pricing for work such as remodeling an entire home is based on the amount of square footage that is about to be added and or remodeled.
Pangione Developers Inc
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: we charge Labor & materials plus percentage.
Silver Lined Contracting
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
ProMatcher
Answer: Price not to exceed (NTE)
Explanation: For a more accurate estimate it's better for us to see scope of work.
Connecticut House Painters
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
ProMatcher
Answer: Time and materials (T&M)
Explanation: mostly the price is estimated, is the time delay work per hour or days plus materials
Mak Roofing & Construction
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: we usually depending on project use a sq/ft cost labor & material plus 15% overhead & profit .
Pete Belknap & Associates
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Homeowners and their contractor should be exactly on the same page, so the scope of work is completely understood by all parties.
Baldwin Building Improvements
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: This way the customer knows the price they are going to pay upfront but there is usually a clause in the contract that if the contractor runs into unforeseen problems they can give the customer a updated estimate for the added work.
RLN Properties LLC
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: It wasn't one of the choices above - but by far the most common method used by Florida contractors is "Square Footage Formulas". A very inconcise calculating formula that does not incorporate all of the variables, customer choices, and specifics of any given project. (i.e.) An addition of 200 sf bedroom X 62 (a common multiplier representing dollars per sq. ft.) often used by unscrupulous contractors) will equate to $12,400.If the addition is block rather frame, the total will be short by approx $3200, the actual cost difference between utilizing block rather than frame. The shortfall invariably in up being paid by the homeowner, due to vague contract wording that allows for "un-disclosed defects" in the original structure - which the (unscrupulous) contractor then adds to his original 'estimate', stating unforeseen construction problems. This is just one of many methods used to increase the amount of contract after the fact. If the addition (in our example)is a Patio, the costs involved will be considerably less because the footings are typically smaller - but the 'estimate' is rarely reduced to reflect this smaller scope of work. This is just one of many examples. There many excellent contractors in Florida who provide excellent service for a fair price, and I consider one myself one them. My 32 year history as a Certified Florida General Contractor will testify to this fact. In my opinion, 'square foot' estimates are about as predictable as next week's weather.
RP Cutcher General Contractor LLC
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.
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: "Bidding" is the most common method contractors are engaged. Other methods include: guaranteed maximum, design build, time and materials and cost plus. Generally the method chosen is based on the clients needs like scheduling, financing, occupancy, etc.
d.a.kinsella & company
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
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Maybe the answer is more correct with the way contractors should bid on projects. Some areas of fixed price contracts may include unforeseen conditions to be handled with Time and Material or price not to exceed clauses in the bid to help with situations that may lead to work based on the limited information available at time of bid. For the most part a home improvement project has a predictable path and an agreed to price and budget prior to the start of work protects the interests of both parties.
Nu-Face of PA
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