Obtaining Quotes

Select candidates that seem like the best choices. Provide each with detailed plans and specifications for the project, and ask for quotes.

To help insure accurate quotes, provide each with exact duplicates of plans and project specifications. It is important to be thorough with all details. There are countless variations and types of materials; all with different cost factors, as well as recommended applications.

For instance, modern trends in the lumber industry have ushered in engineered wood products which are offered in addition to traditional lumber products. Design-specific components such as main support beams and engineered floor joists are available, and may be more cost effective than traditional lumber.

Traditional lumber also comes in different wood types and grades. For example, Hem fir is an economical choice that comes from modern growing techniques. It is usually “S-dry,” which means sun-dried; it may contain high moisture levels, which makes it more prone to mold, warping and twisting. Not the best choice for a stud wall or plate. Kiln-dried Douglas fir is a stable, high-quality choice; but comes at a premium price.

Be specific in your request that the contractor provide an itemized quote which includes all labor, permits, materials, and any other costs. Ask that all costs, including each type material, be itemized and priced individually.

Whether you have a design professional for the planning process, or do it yourself, a thorough, detailed materials list is necessary for obtaining an accurate quote. If a contractor will be compiling the materials list, be sure he understands your expectations and preferences in available choices.

The Difference Between Estimates & Quotes

Many contactors provide ball-park figure estimates for a project that may end up being considerably lower that the actual costs once work is under way.

Quotes are somewhat legally binding, and are considered a statement from the contractor that project cost will not exceed the quote. Therefore, it is important that you specify that you are requesting a quote, not an estimate.

Sometimes there are circumstances that might prevent a contractor from adhering to an exact cost amount. For instance, unexpected price increases for a particular material. Potential variables such as this are normally covered by special clauses in the contract agreement, such as acceptable material alternatives; more about that later.

Once you obtain and review all quotes, refine the list further. Cut it down to 3 to 4 candidates, and then arrange for a face-to-face meeting with each

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The Comprehensive Guide to Home Renovations