Real Estate Investors Can Follow These Tips

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Getting the Best Construction Bids from Your Contractors

When you open up your latest construction project for bids, plenty of vendors will likely respond but the quality of their bids will vary dramatically. From finding missing information to reworking line items for easier leveling to untangling crossed lines of communication, you will be responsible for doing what it takes to turn imperfect bid proposals into great construction estimates.

Moreover, you’ll need to consider more than just costs. A low bid doesn’t always mean that you got lucky; it could mean that bidder doesn’t completely understand the scope, costs and deadlines of your project. An ostensibly low bid may actually lead to unexpected change orders and schedule mishaps that will consume the money you thought you were saving.

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