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

Fixed price for a fixed amount of work
65%
Time and materials (T&M)
30%
Price not to exceed (NTE)
3%
Next Question
Question: What is the most common way that contractors bid on projects?
Top Answer (65% of 179 votes): Fixed price for a fixed amount of work.

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.
Yant Construction
Answer: Time and materials (T&M)
Explanation: We charge by per Job we calculate hours and overhead , and materials.
A+ Realty and Construction LLC
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.
Melissa Anne Construction Services
ProMatcher
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.
albatross builders
Answer: Fixed price for a fixed amount of work
Explanation: Its the only way to compare apples with apples.
Thibodeau Contracting, Inc.
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.
Premier Construction Services
ProMatcher
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.
Phoenix brothers contracting
Answer: Fixed price for a fixed amount of work
Explanation: Sq ft and core surface
Saunders Insulation
Answer: Fixed price for a fixed amount of work
Explanation: This way you know what the project will cost
landmark builders & excavating LLC
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: Contractors usua)y charge tje going rate that other contractors charge at that Time
A-PERFECT PAINTING
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
Northeast Custom Builders
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.
HHS serviced
ProMatcher
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
Aa plus construction
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
Three Kings Construction NY LLC
Answer: Time and materials (T&M)
Explanation: Job should always be based on material cost and how long it take to complete the project.
Usher & Miller Construction
ProMatcher
Answer: Time and materials (T&M)
Explanation: It all depends on the project
Project pros
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
All Around Labor Services
Answer: Fixed price for a fixed amount of work
Explanation: The standard way to approach projects is with a fixed price bid.
Visionary General Contracting, LLC
ProMatcher
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.
P.M.R Services LLC
Answer: Price not to exceed (NTE)
Explanation: This is a typical recommended contract endorsement of AIA
Farrar Associates
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.
Cronin Construction & Resource Management, LLC
ProMatcher
Answer: Fixed price for a fixed amount of work
Explanation: We use a computer program designed to give current prices.
Awlpoints Reconstruction
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.
Ameritrust Residential Services
Answer: Fixed price for a fixed amount of work
Explanation: We give a quote for labor and material.
Home Inavations by Jones Construction
ProMatcher
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
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