This post is one in a series on remodeling small bathrooms and part of a sub-series on how to evaluate and select your contractor. For either of the lead posts, please select one of the links in the prior sentence.
This post discusses the various ways contractors price jobs (generate estimates).
Is it imperative you know this? No, but it helps you understand how your contractor thinks.
Don’t be shy about asking what method they use.
The Solera Group provides expert bathroom remodeling services in the greater San Jose metro area.
There is one caveat to “it doesn’t matter” and that is there are two forms of “cost plus” which I describe below.
Of course you will sign a fixed price contract, but the prices the contractor generates were generated via one method or another.
This method is used sometimes by general contractors who sub out everything and it literally means “cost plus”. They add up their direct cost of all the sub-contractors they will manage, and add their management fee, and that generates their number.
NOTE: Never sign a contract that is literally “cost plus” where you cost is their cost plus a markup. Never!!!!! With contractors of this type, the more they spend, the more they make.
Time and Materials
This method is sometimes used by contractors who themselves do much of the work. They estimate how much time it will take them, then multiple that number of hours by their hourly rate. Materials is cost plus. Their direct cost plus some markup.
This is my preferred method. Whether the contractor does the work themselves or uses subcontractors, it indicates the people doing the work are sufficiently experienced they are able to treat craftsmanship somewhat like a commodity. I personally prefer to work with these guys.
Again, there is not one best answer, but knowing what method they used gives you a little insight into how they think.
Do you need help with your small bathroom remodel? Contact us for help. We’re experts…