{"id":1298,"date":"2016-09-26T10:27:59","date_gmt":"2016-09-26T15:27:59","guid":{"rendered":"http:\/\/homeadditionplus.com\/dev\/?page_id=1298"},"modified":"2019-05-14T14:00:46","modified_gmt":"2019-05-14T19:00:46","slug":"comparing-contractor-bids","status":"publish","type":"page","link":"https:\/\/homeadditionplus.com\/dev\/home_articles\/comparing-contractor-bids\/","title":{"rendered":"Comparing Home Building Contractor Bids"},"content":{"rendered":"<h4><span style=\"color: #008000;\"><strong>How to Compare Contractor Bids associated with Home Construction<\/strong><\/span><\/h4>\n<p>By Mark J. Donovan<br \/>\n<script type=\"text\/javascript\"><!-- google_ad_client = \"pub-3988490936633155\"; \/* Homepage_Home_Improvement_468x15_ATF, created 8\/13\/10 *\/ google_ad_slot = \"6539705898\"; google_ad_width = 468; google_ad_height = 15; \/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div class=\"KonaBody\">\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td width=\"50%\">\n<p align=\"center\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- New_300x250_051317 --><br \/>\n<ins class=\"adsbygoogle\" style=\"display: inline-block; width: 300px; height: 250px;\" data-ad-client=\"ca-pub-3988490936633155\" data-ad-slot=\"4202793463\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<\/td>\n<td width=\"3%\"><\/td>\n<td style=\"text-align: left;\" width=\"47%\"><span style=\"font-size: 14pt;\">Obtaining accurate construction bids can be difficult enough, but <em>comparing contractor bids<\/em> can be even more of a challenge. <\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Home construction contractor bids can vary for many reasons including the simple fact that you are getting construction estimates from multiple contractors. <\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Comparing contractor quotes can also be a challenge if the home construction bids vary in material and construction methods. <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">This said, comparing contractor bids can be simplified via a good set of house, or home addition plans, and by following my basic contractor bid checklist.<\/span><\/p>\n<h3 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><strong>Use a Complete set of Home Construction Plans When Comparing Contractor Quotes<\/strong><\/span><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Whether you are building a new custom home, finishing a basement, or simply putting on a deck, provide a complete set of home construction plans and specifications to each contractor bidding on the project. This way you can compare contractor quotes in an apples-to-apples comparison.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Also, include in the specifications specific features and material you want to see integrated into your home construction project. For example, include specific brand names or styles of doors and windows, house siding type, particular kitchen cabinets, flooring products, appliances, etc.\u00a0If you don\u2019t know exactly what you want, then spend some time at the local home improvement center picking out items and making note of their prices.<\/span><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"50%\"><span style=\"font-size: 14pt;\">By providing each home building contractor with accurate and complete home construction plans, including a list of key building materials, you\u2019ll find the task of comparing contractor bids much easier. In addition, there is less likelihood of missing or forgetting anything in the bidding process.<\/span><\/p>\n<h3><span style=\"font-size: 14pt;\"><strong>Check for Licenses and Home Building Organizational Affiliations<\/strong><\/span><\/h3>\n<p><span style=\"font-size: 14pt;\">Another litmus test in comparing contractor bids is to look for statements in each contractor bid for contractor licenses and home building organization affiliations. <\/span><\/td>\n<td width=\"3%\"><\/td>\n<td width=\"47%\"><a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-381 aligncenter\" src=\"http:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Home_Addition_Bid_Sheets_Ad_250x250.jpg\" alt=\"Home Addition Bid Sheets\" width=\"250\" height=\"250\" srcset=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Home_Addition_Bid_Sheets_Ad_250x250.jpg 250w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Home_Addition_Bid_Sheets_Ad_250x250-150x150.jpg 150w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Though not all states require home construction contractor licenses, some of the trades such as Electrical and Plumbing typically do.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">If the home building contractor is not licensed or lacks affiliations with regional and national home building organizations you may want to pass on him.<\/span><\/p>\n<h3 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><strong>How Long has the Home Building Contractor, and his Company, Been In Business<\/strong><\/span><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">When comparing contractor quotes check to see how long each home construction contractor has been in business, and how long he has been operating under his current company name. The longer a contractor has been in business, and working under the same company name, the more likely of an accurate and honest contractor bid. If he claims he has been in business for a long time, but he has only been operating under his company name for a short period of time, this is a clear warning sign that he may have had legal problems associated with his previous work.<\/span><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"50%\">\n<h3><span style=\"font-size: 14pt;\"><strong>Check for Insurances and Workman Compensation<\/strong><\/span><\/h3>\n<p><span style=\"font-size: 14pt;\">When comparing contractor bids check for insurances and workman compensation. If a home building contractor\u2019s bid lacks information on his personal liability and property damage coverage, as well as workman compensation, ask for copies of these policies\/papers. If he cannot present them to you, move on to other contractor bids.<\/span><\/td>\n<td width=\"3%\"><\/td>\n<td width=\"47%\"><a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/new-home-construction-bid-sheet\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1294 aligncenter\" src=\"http:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet-218x300.jpg\" alt=\"New Home Construction Bid Sheet for comparing contractor bids\" width=\"218\" height=\"300\" srcset=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet-218x300.jpg 218w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet-768x1056.jpg 768w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet-745x1024.jpg 745w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet.jpg 1200w\" sizes=\"auto, (max-width: 218px) 100vw, 218px\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><strong>Contact Subcontractors Referenced in the Contractor Bid<\/strong><\/span><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">If the home construction project is large, and\/or involves a general contractor employing subcontractors, obtain their names and licenses.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">You may want to call them or at least check into their reputations. That last thing you want on your site is a group of subcontractors that do not directly report to you and have nefarious backgrounds.<\/span><\/p>\n<table border=\"0\" width=\"100%\" cellspacing=\"2\" cellpadding=\"2\">\n<tbody>\n<tr>\n<td width=\"50%\">\n<h3 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><strong>Compare Contractor Payment Schedules<\/strong><\/span><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Finally, when evaluating contractor bids, make sure you compare contractor payment schedules. A deposit of 10-15% is common. <\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Anything over this is questionable. By paying too much money up front you lose your leverage in getting your home construction project completed to your satisfaction and timeline. <\/span><\/p>\n<\/td>\n<td width=\"50%\">\n<div align=\"center\">\n<div style=\"background: url('http:\/\/homeadditionplus.com\/images\/Home_Addition_form_Ad_Small_rev1.jpg') no-repeat top; margin-left: 10px; margin-bottom: 0px; margin-top: 0px; height: 190px; width: 275px;\">\n<form action=\"http:\/\/homeadditionplus.com\/UHI-info\/Additions.htm#form\" method=\"get\"><input style=\"float: left; width: 80px; margin: 110px -255px 50px 165px;\" name=\"PC\" size=\"20\" type=\"text\" \/><br \/>\n<input style=\"float: right; background: url('http:\/\/homeadditionplus.com\/images\/homeadditionplus-btn-next.gif'); height: 34px; width: 91px; border: 0px solid #000000; ; margin-left: 0; margin-right: 25px; margin-top: 130px; margin-bottom: 0px;\" type=\"submit\" value=\"\" \/><\/form>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Incremental payments throughout the life of the project are also common, but again, make sure the final payment is not made until all of the work is completed. The final payment should be a sizeable payment to keep the contractor hungry to complete the work. Typically the final payment should be around 10% of the total cost of the project.<\/span><\/p>\n<\/div>\n<hr \/>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><span style=\"color: #008000;\"><b>For more help on building a home addition<\/b><\/span>, see HomeAdditionPlus.com&#8217;s<b> <a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\"><span style=\"color: #0000ff;\">Home Addition Bid Sheets<\/span><\/a><span lang=\"EN\">. <\/span><\/b>Our\u00a0<b><a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\"><span style=\"color: #0000ff;\">Home Addition Bid Sheets<\/span><\/a> <\/b>provide you with the knowledge and information on how to plan a home building project, and what to look for when hiring contractors. They also include detailed cost breakdown tables and spreadsheets for estimating your own new home construction building costs.<\/span><\/p>\n<p><a href=\"https:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/room-addition-bid-sheet\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11872 aligncenter\" src=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet-218x300.jpg\" alt=\"Room Addition Bid Sheet\" width=\"218\" height=\"300\" srcset=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet-218x300.jpg 218w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet-768x1056.jpg 768w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet-745x1024.jpg 745w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet.jpg 1200w\" sizes=\"auto, (max-width: 218px) 100vw, 218px\" \/><\/a><\/p>\n<h3 style=\"text-align: left;\" align=\"left\"><span style=\"color: #008000; font-size: 14pt;\"><b>Related\u00a0Information on Home Addition Building and Comparing Contractor Quotes<\/b><\/span><\/h3>\n<ul style=\"text-align: left;\">\n<li><span style=\"font-size: 14pt; color: #0000ff;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/home_articles\/home-addition-designs\/\">Design Your Own Home Addition<\/a><\/b><\/span><\/li>\n<li><span style=\"font-size: 14pt; color: #0000ff;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/home_articles\/design-your-own-home-addition\/\">What to Consider When Designing a Home Addition<\/a><\/b><\/span><\/li>\n<li><span style=\"color: #0000ff; font-size: 14pt;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/home_articles\/home-addition-contractor-estimates\/\">Getting Home Addition Contractor Estimates<\/a><\/b><\/span><\/li>\n<\/ul>\n<hr \/>\n<h3 style=\"text-align: left;\"><span style=\"color: #008000; font-size: 14pt;\">Free Home Addition Price Quotes with No Obligation!<\/span><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Fill out our 3-5 minute quick and easy form, and receive a free price quote on a house addition from one of our prescreened and licensed home addition contractors. This process is free and there is no obligation to continue once you receive your home addition price estimate.<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.inforequests.com\/pub5x\/\/?allowRefNet=N&amp;layout=H&amp;PublisherSubID=Room_Addition_Bottom&amp;url=http:\/\/g.gaesy.com\/cgi\/r?;n=203;c=622397;s=4383;x=7936;f=201006161516140;u=j;z=TIMESTAMP;&amp;servicescheckbox=ROOM_ADDITIONS&amp;submit=submit\" width=\"660\" height=\"560\" frameborder=\"0\" scrolling=\"no\" data-mce-fragment=\"1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Compare Contractor Bids associated with Home Construction By Mark J. Donovan Obtaining accurate construction bids can be difficult enough, but comparing contractor bids can be even more of a challenge. Home construction contractor bids can vary for many reasons including the simple fact that you are getting construction estimates from multiple contractors. Comparing contractor quotes can also be a challenge if the home construction bids vary in material and construction methods. This said, comparing contractor bids can be simplified via a good set of house, or home addition&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":315,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1298","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Comparing Home Building Contractor Bids - HomeAdditionPlus.com<\/title>\n<meta name=\"description\" content=\"How to Compare Contractor Bids associated with Home Construction\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homeadditionplus.com\/dev\/home_articles\/comparing-contractor-bids\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comparing Home Building Contractor Bids - 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