By Niko Papaheraklis
The temptation of accepting a low bid from a contract is very high, but is it too good to be true? What’s the catch? Below, we list out several reasons why you should beware of the lowest bidder when selecting a contractor.
It’s not an honest bid
Professional contractors who are honest and have integrity will give you a thorough estimate depending on your needs and wants the first time. They’ll include details on all the materials and what work is needed. It’s a bad indicator if you receive a bid without any details or explanation; the skill and professionalism of that contractor is questionable.
2. If it seems too good to be true, then it is
If you receive a bid and you think, “Wow! How is their bid so low?” Or “This seems too good to be true…” then the answer is yes, it is too good to be true. If you’re still interested in their work, call several references of theirs and ask what job ended up costing versus what the proposal was.
3. They’re hiding something
In many cases, a low bidding contractor isn’t licensed, and they’re hoping that their low price will make up for their shortcomings. You should avoid this at all costs because an unlicensed contractor has to cheat his way and he’ll most likely cheat you too.
4. You’ll receive low quality
This one may be obvious, but a bid that is way lower than the others will inevitably result in a low quality job. In the end, the amount of money you saved won’t be worth it and you’ll probably have to spend more to fix or save your project.
At Finecraft Contractors, if you can imagine it, we can build it. If you have a home renovation idea or want to remodel sections of your home, call us at 301-330-9191 and we’ll give you a thoroughly thought out estimate.
Niko Papaheraklis is the Business Manager of FineCraft Building Contractors, Inc., located in Gaithersburg, MD, 40 miles north of Washington, DC. Since 1985, FineCraft remodeling contractors have been building houses, home additions, kitchen & bath remodeling and more for discerning families. Their blog can be seen at https://finecraftcontractors.com/blog/ and they can be reached at 301-330-9191.