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.
There are some remodeling lead generation services (for example, HomeAdvisor, formerly known as Service Magic, California Contractors, and others) who describe remodeling services as if it was a commodity, and it’s not.
Remodeling is craftsmanship. Always has been and very likely always will be.
The Solera Group provides expert bathroom remodeling services in the greater San Jose metro area.
Although I understand the value of getting multiple bids before selecting a contractor and signing a contract, it’s important that you as a homeowner understand that lowest bid may be the most expensive option over the life of the home.
Why is this?
If your contractor does good work, you want him (or her) to stay in business to be around for when you need them again.
Contractors are in business and in order to stay in business they must make money. They must pay the bills of their businesses as well as their personal bills.
Gross Profit is the difference between what you pay them and the direct costs they incur for your project (materials, direct labor, sub-contractors, etc).
Net Profit is what they have left over at the end of the month after paying their overhead expenses (office rent, insurance, phones, maybe a truck payment, etc).
Good business people know how much net profit they need every month, and how much gross profit they need from every job.
When you go with the low bidder, you increase the odds of issues you never learn about being covered up. Did they find a bit of wood rot in the wall or subfloor? If they did you want to know about it. You want it dealt with.
The last thing you want is it to be ignored, then have the entire remodel installed over it.
Why does this happen? Some contractors submit a low bid to get the job, then cut corners in this way (or use lower quality materials) in order to ensure adequate gross profit.
You want someone who takes such pride in their work that they never do this. However those guys tend not to be the lowest bidders. Think of this when comparing proposals.
Do you need help with your small bathroom remodel? Contact us for help. We’re experts…