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

Answer: Fixed price for a fixed amount of work
Explanation: Fair and reasonable - generally costs plus 15%

Answer: Time and materials (T&M)
Explanation: Due to the economy; materials have exceeded the price of labor, so we remain fair by keeping adjusting labor so that homeowners can afford to pay for their project.

Answer: Time and materials (T&M)
Explanation: Most of the paint contractors I know bid by time and materials. I prefer to be more consistent and find sq. ft bidding for paint services works pretty well, but I offer a lot more than paint services and it’s not always so cut and dry so sometimes I have to just go old school and bid by time and material.

Answer: Fixed price for a fixed amount of work
Explanation: Giving customers a fixed price helps them to budget there projects. We also offer options for our customers so they can reach there goals often times in phases .

Answer: Time and materials (T&M)
Explanation: We provide estimates: we bid material and labor costs at a fair rate

Answer: Fixed price for a fixed amount of work
Explanation: We price custom to what the customer needs. We do a meet and greet, take pictures and pull measurements, and get a bid turnkey with selections allowances.

Answer: Time and materials (T&M)
Explanation: Time and materials how long to do it and how much it's going to cost

Answer: Time and materials (T&M)
Explanation: This ensures that both parties get on the same page as to what materials will be used and how long the project will take.

Answer: Fixed price for a fixed amount of work
Explanation: The best way to anser this is to say that there is no one way each job will have a different type of bidding. So you may have a fixed price on one bid and then turn around on another bid and it would be best to to time and material , or a customer might tell you what all they "Eventually" want to get done to something but this is what i have right now so pls dont exceed this amount right now so in my experiance i would have to say All of them could be the most common way...

Answer: Fixed price for a fixed amount of work
Explanation: We provide our estimate. We stay on-time & on-budget!

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: Fixed price for a fixed amount of work
Explanation: A contract between Owner & CIM - Construction In Motion, Inc detailing every step of the scope of work to be performed. With scheduled payment.

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: Time and material is more simple and faster then pouring over pricing all day

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: Fixed price for a fixed amount of work
Explanation: I will give the home owner my best price and a detailed offer that includes everything the home owner wants in there new bathroom. Plus we always upgrade the fixtures for free !!!!!!

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: Time and materials (T&M)
Explanation: Time and materials is what we have been doing Jobs for. because of the volatility of cost. We started doing time and materials when our cost increased monthly. On some small projects we can still bid jobs.

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: The time is really a close guess that takes years of experience to get right. Materials is always right if you know how to do a take off on a design/blueprint correctly.

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: Price not to exceed (NTE)
Explanation: WE USE NTE ONLY BECAUSE WE DONT WANT TO MAKE YOU GO BROKE WHILE MAKING YOUR DREAMS COME TRUE WE WILL HELP YOU IN ANY WAY POSSIBLE AND STAY WITHIN YOUR BUDGET

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: Time and materials (T&M)
Explanation: Example for an exterior paint job. We would create an itemized quote by doing a walk through of the property that goes over each area being painted, cost of materials and different paints needed to complete the job. Then we will email the customer a quote that breaks down the cost in great detail.

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: FREE ESTIMATES

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: We charge by per Job we calculate hours and overhead , and materials.

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: Fixed price for a fixed amount of work
Explanation: Its the only way to compare apples with apples.

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: Sq ft and core surface

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: We complete hazard claims with a set price. We use a cost estimatation program for bids.

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: Time and materials (T&M)
Explanation: Job should always be based on material cost and how long it take to complete the project.

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: The standard way to approach projects is with a fixed price bid.

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: Fixed price for a fixed amount of work
Explanation: Most customers are looking for hard bids for their projects. Many contractors prefer to bid jobs on a Time and Material basis because it protects them from contingencies and unexpected costs incurred during the project.

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: We give a quote for labor and material.

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: 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.

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: 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.

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: 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.

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: Price based on written Estimate

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: 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.

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.