Slide size in a Contractor Quote - Online Editor

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How to slide size in the Contractor Quote

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weve all been there and weve all seen it happen we go to a bid and the bids are open the first bid comes in at $1.5 million the next submitted bid is a little lower at $1.4 million then another bid comes in a little higher than that at $1.8 million but none of these contractors are the low bidder the low bidder is $6.8 million and no one feels good including the contractor who got the job they know they must have missed something in the documents to come in that low however there are those cases where a contractor comes in low gets the job and makes a profit whats the difference between the estimates how did this happen these are just some of the questions we hope to answer in introduction to [Music] estimating hello and welcome to this presentation on construction estimating estimating is an art an individual is trying to determine the probable costs of Any Given project before construction begins to be successful an estimator must consider all all of the costs that could impact th

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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 respond to a quote that is too high?

How to Respond Directly to a Price Objection This is a great deal, I can reassure you. Our offer is more than competitive. Hmm, I may have missed explaining something correctly. Some of our best customers initially thought the same thing, however Let me just list off whats included with our offer here.

How do you write a construction quote?

How to Write an Estimate for a Construction Job A detailed project scope outline/description of work being done from prep to cleanup. List of materials needed. Itemized breakdown of material, labor, equipment rental, overhead, and profit margin costs. Total cost of the job. Payment terms and due dates.

How do you respond to a high estimate?

Try these professional responses to help you communicate with customers who just arent the right fit. I understand. Thank you for considering our company. Thank you for your feedback. Good luck with your project. Thanks for letting me know. Your estimate is valid for X more days if you change your mind.

How do you ask a contractor for a quote?

Tell the contractor what you need from them. Then ask them to give their best possible estimate, and theyll know how much work is involved before providing an answer. Explain in detail the timeframe for your repair. Very few general contractors will quote you a price more than three months out.

How much over an estimate is acceptable?

A 10-20% overage might be considered reasonable, especially if the contractor discovered issues along the way that he couldnt have been aware of initially (for example, mold or past flooding).

What to do if estimate is too high?

If a contractors quote is far above your budget, ask questions about why the price is so high. In the end, you dont have to accept a bid thats beyond your budget. You may need to find a different contractor or adjust the scope of your project.

What is quotation in construction example?

Quotation. A quotation refers to a general contractors figure from a supplier for the price of materials required for a job. These often remain only good for a specific time (usually around 30 days,) leaving the builder with only that amount of time to purchase the materials at the given price.

How do you respond to an estimate that is too high?

Politely Decline Try a two-sentence note when responding to an estimate such as, Thanks for your quote and for taking the time to look at our project. We decided to go with a different bid. Yes, it can be that short and easy.

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