Take the Best Bid for a Construction Project, Not Just the Lowest Bid.
It’s been said that when you accept the highest bid, you risk the amount that is the difference between it and the lowest bid. This of course assumes that the end products would be equal. In reality, if you accept the lowest bid, you risk the entire cost of the project because it might not be done properly. I’m not suggesting that you spend more than you can afford, just that you need to balance budget and long term factors. An addition of any type to your home should be an investment in your quality of life. If you can’t use the space as often as you anticipated or have to repair or replace prematurely, then that investment is not as valuable. Besides the obvious differences between contractors such as poor design, using inferior materials or less skilled carpenters, there are other factors that might allow them to offer a lower bid. They might label it overhead, but it could be something like insurance. If another part of your home gets damaged during construction, who is li...