How to read a contractor estimate?

What does the price mean — and will it grow later?

The video for this one is being filmed. The full answer is written out below.

Your proposal's in your hands. Here's how to read it.

The fear with any bid is the number behind the number — the real price that shows up after demo, once you're committed. So read ours like an inspector. It's built for that.

Every line in there traces to something real — a sub's quote, a material price. Ask about any line and you'll get the real answer.

The price sits on top — the whole thing, first page, not buried on page six. A total you have to hunt for is a total somebody's ashamed of. Under it, the scope — everything included, written out. If it isn't written down, it doesn't exist. Then look for the word "allowance." That's money set aside for a choice you haven't made yet — tile, fixtures. Each one is marked, and an allowance is yours to move — pick something cheaper and the difference comes back to you. The other thing that can move a number is something nobody could see when we bid it, and that always becomes a written change order you approve before any work happens. Last, the exclusions — what the price doesn't cover — get their own section. A proposal with no exclusions listed doesn't mean everything's included. It means nobody's told you yet. One more date to notice: the day this price holds through, printed near the total. That's thirty days out, and it's there because my material and sub quotes expire — not to rush you. Come back after it and I'll re-price it honestly.

So: skeptical hat on, pen out. Write down everything that makes you pause, then call me and read me the list. That conversation is the best part of my week.

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