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Getting A Competitive Bid

When it comes to getting a competitive bid, having a carefully planned and well thought-out process can make it much easier and much more accurate for homeowners in the Charlotte, NC area who are trying to choose from a few home builders or remodelers.

A lot of Charlotte homeowners will see the bidding process as a way for them to get the most out of the custom home building or remodeling process - they want the most bang for their buck, basically. They also want to be sure that they are getting accurate bids that they can use to make the best and most informed choice when it comes to choosing between the various companies they may be working with. Bids are only going to be useful and informational whenever they're comping from comparable companies who use similar processes when it comes to making a bid. Unfortunately, since most bidders don't think alike, this can lead to conflict when it comes to what exactly is included in the bid and what is assumed.

 


 

Bidding on a Custom Home

When it comes to bidding on a custom home, the future homeowner needs to understand that this is a very involved process that may take up to 40-70 hours of time for the actual bidding company. They will also have to contact subcontractors, suppliers, and the other professionals who will be needed for the project.

Many builders use the bidding process - however, there are some who choose to work in cooperation with the customer so that there are no risks associated with the builder or other contractors working on assumptions.

 


 

 

Competitive Bidding Process

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The following is the competitive bidding process:

1. Future homeowners should interview a handful of builders who they think they would like to work with for their project. If they are working with an architect, he or she will give them a list of builders in the area who they could contact.

2. The buyer should bring the 4 or 5 builders to their home to get an idea of what they want so that they can come up with a bid. It's best for the future homeowner to be as descriptive as possible with what they are envisioning for the job so that they can get the most accurate estimate possible.

3. Be sure that each builder gets the architect's plans. Needless to say, plans aren't going to be perfect, and there may be things that get overlooked. The builder should account for minor discrepancies in their bid.

4. Each builder should be given the same bid sheet to help with eliminating things that may get neglected or overlooked in the cost estimate process. The sheet should have all costs broken down into different categories with a total cost available at the bottom of the sheet. Give the builders three or four weeks to submit their bids.

5. Before making a final choice, the buyer and architect will need to meet with each other to get a concrete idea as to what the plans are, what the costs will be, and to talk about the customer's spending budget for the job.

Obviously, there are going to be some bids that are too high for buyers. This may be because that nearly 20% of bids are based on plans that go over the customer's price range. This is the main advantage of choosing to work one-on-one with the buyer from the beginning of the custom home building process so you can be absolutely clear on what they want to achieve with the project.