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

Answer: Fixed price for a fixed amount of work
Explanation: We are here to negotiate whatever the client needs

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: The cost of time & materials dictate how much labor is involved. Each job has a different cost of labor and materials. Small jobs are sometimes costly due to the constant rising cost of raw materials.

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: Most jobs are bid bye square ft. Patch jobs are by the amount of patches

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: This approach provides clarity and certainty for both the contractor and the client regarding project costs and deliverables.

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: 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: 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: 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: 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: It is always based off of materials and man hours.

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: We usually can give you a price the same day. It is a fixed price that is good for 30 days.

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: 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: 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: 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: 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 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: 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: Contractors usua)y charge tje going rate that other contractors charge at that Time

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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: Provided the project clearly defined, this is the best price structure for the homeowner and the contractor.

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

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: I have fixed pricing for all of my services.

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: 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: 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.