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Getting a Handle on Contractor Estimates
(June 3, 2005) -- Homeowners should think of the contractor's estimate as the last chance to make comparisons with other contractors, as the estimate usually makes sloppiness and efforts to cut corners readily apparent.
It is important to remember, however, that estimates are negotiable and can dramatically increase if fees for building permits, debris removal, dumpsters, landfill use, environmental tests, and inspections are not included.
Homeowners should request that they be incorporated into the estimate to ensure that they will be handled by the contractor. They also should be wary of estimates that fail to itemize the cost of specific materials, as lump sums do not necessarily make for accurate comparisons.
It would be wise to specify size and particular materials when it comes to tiles, doors, decks, and other items to get an idea of the true cost of the project. Finally, prospective clients should request more than just square-foot costs and phone estimates for complicated jobs and determine the contractor's payment schedule.
Rather than pay a substantial chunk upfront, homeowners should promise 15 percent of the cost at the start, 15 percent at the finish, and the remainder in phases while the job is underway.
Source: Washington Post (06/02/05); McClintock, Mike
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