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How to Share Contractor Quote

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Andrew Houston from Proper Contractors discusses the prevalent issue of contractors quoting profitably. He notes that 95% of contractors he encounters struggle with this aspect. He urges viewers to pay attention before quoting their next job. Houston introduces a red flag-yellow flag system to identify potential problems in quoting. Indicators include fluctuations in bank account balances and insufficient profits despite significant efforts. Contractors should assess their financial performance regularly, especially during year-end meetings with accountants, to determine the effectiveness of their quoting strategies and ensure they are adequately compensated for their work.

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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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Should I get multiple quotes from contractors?

Getting Multiple Contractor Bids Gives You More Options Some contractors may do more than others, and multiple bids will highlight this. Having at least three options should provide you with the clear winner who will be best for your upcoming home project.

How do you say no thank you to a contractor?

Instead of just saying no, something like this can feel less harsh: Thank you so much for sending this project over! I dont feel like this is quite in my wheelhouse, but definitely feel free to send over any other projects you might need help with. I always have such a great experience when we work together!

Should I tell contractor other bids?

1. Announce that youre getting multiple bids. One of the major advantages to getting three or more bids for any docHub (say, more than $5,000) home project is that you can tell the prospective contractors, honestly, that youre doing so.

Should you share one contractors bid with another contractor?

Homeowners SHOULD NOT share competing quotes with other prospective contractors in a way of trying to get the other contractor to come down or match the price. This is really frowned upon in the industry, although some may ask to see the other bids.

How do you politely reject an estimate?

Reject the bid. Explain the reason for the rejection, such as the estimated cost was too high or that another company had more experience with the particulars of the project. You may also say if there was something wrong with the bid, which can help the contractor to avoid making the same mistake in the future.

How do I break up with a contractor?

Communication is the key to doing good business. If you are not satisfied with a contractors job performance and are ready to terminate the agreement, contact the contractor, and explain why you are going to end the business relationship. They should be paid for the portion of the job that was completed.

How do you tell a contractor you are going with someone else?

With an honest, direct, and kind approach, there dont have to be any hard feelings. Rip Off the Bandaid. Contractors appreciate hearing back from clients if theyve submitted a bid but didnt get the job. Email (Dont Call) Thank Them for Their Time. Provide Honest Feedback. Stay Positive. Leave the Door Open.

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