Top Things To Look At When Comparing Bids From General Contractors

If you are planning on hiring a general contractor to help you with a building project sometime soon, you might have opened up bidding to multiple general contractors. This can be a good thing to do so that you can find out about your options. If you're wondering what you should look at when comparing bids from general contractors, you can start by looking at the following things.

Are They All Well-Qualified for the Job?

First of all, before you ever start comparing quotes so that you can narrow down your choices, you should make sure that each general contractor who has put in a bid is well-qualified for the job. Determine how long they have been in the business and whether or not they have worked on similar projects to the one that you want to have done. Also, ask around or do your research online to find out about each general contractor's reputation.

Are Their Quotes Easy to Compare?

Of course, one of the main reasons to get bids from different general contractors is so that you can compare pricing. Before you do this, though, you should make sure that their quotes are comparable. One company's quote might include all of the costs of the project, while another quote might not include everything. Ask for full breakdowns of pricing from each general contractor; then, it will be easier for you to see what each general contractor is charging for each aspect of the project, and it will therefore be easier for you to choose which company is offering you the best deal.

What Are Their Projected Completion Dates?

If you have plenty of time to get your project completed, then you might not mind waiting a longer period of time to have your project started and finished. However, if you're in a time crunch for some reason or another, you may want to pay closer attention to the project completion date from each general contractor. Then, you can look for a contractor who will hopefully be able to get your project finished a whole lot more quickly.

Do They All Have Equal and Ample Insurance Coverage?

Find out about whether or not each general contractor has insurance coverage; you probably won't want to work with a general contractor who is not insured and bonded. Additionally, compare the levels of coverage that each contractor has to ensure that you are hiring a contractor that has ample insurance coverage for your project. You may find that you feel more comfortable choosing the general contractor who has the most coverage, just in case.