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Straightforward guide on how to Manage Contractor Quote

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How to Manage Contractor Quote

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Andrew Houston from Proper Contractors discusses a common issue faced by contractors: quoting profitably. He notes that 95% of contractors he encounters are not doing this effectively. Before quoting another job, he urges viewers to consider whether they experience financial fluctuations in their bank accounts or if they are not seeing profits that reflect their hard work. He mentions a "red flag yellow flag" system as a tool to identify these problems. Houston emphasizes the importance of recognizing these signs and suggests that if contractors are feeling financially confused or are questioning where their money is going, it may be time to reevaluate their quoting practices.

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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 you politely decline a contractor quote?

Stay Positive 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.

Can a contractor charge me more than the quote?

An estimate is just an estimate, and it can be reasonable for the final cost to be anywhere from 5% to 20% above the estimate. Thats why its always important to stick to your budget and account for a bit of cushion before you begin any project.

How many quotes should I get for contractor?

After having met the contractor, if you are comfortable with him and the price seems reasonable, then, one estimate might be all you need. However, if you are getting bids from contractors you have no experience with then it is a good idea to get three bids.

How do I ask my contractor for a lower price?

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.

How do you tell a contractor the price is too high?

Ask the contractor to explain why the price rose so dramatically from the initial estimate. He will likely say something about unexpectedly high expensive labor and materials.

How do you thank a contractor for a quote?

Thank Them for Their Time Always begin your email with a thank you to ensure you start on a positive, polite, and professional note. Thank the contractor for their time and effort in giving you a quote. Even if you dont select that contractor, this will show appreciation for the work they already put in.

How do you turn down a contractor quote sample?

If youre not comfortable getting into the specifics about why the contractor didnt get the job, simply let him or her know that you have decided to go with another company for your project. You can end the message by thanking him or her for their time, which is a courteous and sufficient close.

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Manage Contractor Quote