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How to Alter Contractor Quote

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Andrew Houston from Proper Contractors addresses a common issue faced by contractors: quoting profitably. He notes that 95% of contractors struggle with this. Before quoting another job, he urges viewers to consider the red flag-yellow flag system to identify potential problems in their companies. Symptoms include fluctuating bank account balances and a lack of profit despite significant efforts. If contractors feel they have made many sales yet are unsure where their money is going, this indicates a need to reassess their quoting practices. Houston emphasizes the importance of addressing these issues before moving forward with more jobs.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How do I turn down a contractor quote?

Compliment the contractors reputation, business, or whatever attracted you to them in the first place. Tell them that you received quotes from several great contractors, but you decided on another bidder. Its not personalits business.

Is there a legal difference between a quote and an estimate?

Unlike an estimate, a quote is legally binding and provides a fixed price for a project subject to a specific time frame.

Can a contractor change quotes?

As such, businesses and contractors have the right to adjust their estimates when new factors arise. Other times, they will present you with a final invoice that should show where the difference in costs occurred. Often, additional labor expenses or unexpected material needs can contribute to an estimates inaccuracy.

Is a quote the final price?

A quote is an offer to do a job for an exact price. Once you accept a quote, the contractor cant charge you more than the agreed price unless you agree to extra work, or the scope of the job changes while it is underway. Legally, this is known as a variation to your contract.

Can a price quote be changed?

Because its a fixed price, it cant be changed without a new agreement between your business and the client. Quotes are formal contracts that provide a legal standpoint for the work.

How do you negotiate a contractor quote?

How to Negotiate with a Contractor Set the Right Tone. Talk with Previous Clients. Get Multiple Bids. Get Details in Writing. Be Clear About Your Budget. Ask for Help Trimming Costs. Be Creative About Reducing the Price Tag. Know Who to Call if Things Go Sideways.

How do you tell a contractor a quote is too high?

You can politely decline a quote from a contractor by texting, emailing, or callingwhatever makes you feel most comfortable. Try a two-sentence note such as, Thanks for your quote and taking the time to look at our project. We decided to go with a different bid. Yes, it can be that short and easy.

Is A quote legally binding?

Yes, a price quotation is legally binding. However, the price quotation can only be considered legally binding if the party being offered the good or service (so in most cases, the customer) accepts the offer. Without acceptance, the quotation simply remains an offer and cannot be considered legally binding.

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Alter Contractor Quote