Comparing Contractor Bids

Learn the intricacies of comparing contractor bids.

Written Estimates

Comparative shopping is easy when you're dealing with shoes or cars or fruit. But when the item up for bid is a remodeling project, well ... let's just say it's apples and oranges.

It takes a dozen hours or more for remodelers to create a design, draw up a building plan, and extrapolate a fair price for the project—all with no guarantee that they'll actually get the job. That's why most remodelers won't provide written quotes until you have paid an up-front design fee. This usually ranges from $1,000 to $2,500, but it may be lower if you already have a set of architectural blueprints.

In some cases, contractors may be willing to offer verbal estimates, but these may be less accurate than a written quote.

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Continued on page 2: Project Costs

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