Top 7 Questions To Ask When Hiring a Contractor
By: Chris Herath
Hiring Tip #2: Is the Bid an Estimate or a Firm Price?
Many contractors will provide a rough estimate of how much a job will cost instead of a fixed price. This reduces the time they have to spend on estimating and protects the contractor if higher costs are incurred during completion of the work.
An estimate is fine in the early stages of gathering information for a project; but before signing a contract, you should request a fixed price so you’ll know exactly how much the job will cost.
Contractors often avoid giving a firm price if there are too many unknown factors in the job. It’s also standard to include a clause in the contract covering added cost for any changes made by the homeowner, as well as any unexpected problems that might arise; but urge the contractor to set a firm price whenever possible.