When planning to hire a contractor for upcoming project make sure to
Line Item Estimates, very precise, but are incredibly time consuming. However, there is an alternative method to estimate the cost of the project, Unit Cost Estimation.
Subcontractors (sometimes referred to as “trades”) can miss the mark with cost estimates. In such cases, although the trades will be asked to absorb the costs, the general contractor and/or client will certainly pay for it to some extent whether it be in the form of additional costs, project delays, or dissatisfied customers resulting in negative reviews of client/general contractor professional abilities.
Contractors (also referred to as “trades”) primarily rely on bids to get hired for jobs. The bid list is a list of contractors and material vendors who are vying for a construction project. The bid list is created and managed by the client (or a general contractor acting on behalf of the client) who is looking to get a construction project completed.
A very common construction oversight is when a customer’s vision of the final product and level of finish turns out to be different from what you may have had in mind. It is important that you accurately record every project detail with a good set of plans.