Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago, 08/15/2022

User Stats

15
Posts
5
Votes
James Peever
  • Rental Property Investor
  • Sunnyside, NY
5
Votes |
15
Posts

Need help reviewing contractor bid

James Peever
  • Rental Property Investor
  • Sunnyside, NY
Posted

Hi BP

We have bought an investment property update Ny. This is our firsts major rehab job and trying to follow some of the BP ethos when working with contractors is proving harder than expected. This is the current quote from one of the few contractors that got back to us.

My Concerns:

- not agreeing to fixed end date

- limited itemized breakdown for each item  

Quote

Exterior: $9000 (not including exterior paint and tree work)

• Power wash exterior (plumbing repairs needed to accommodate)• Scrape original paint as much as possible• Paint exterior• Remove satellite dish from front• Remove front awning above two windows • Repair casement around basement windows• Replace siding as needed• Install rear staircase (permit required)• Replace corner post with 6x6• Install 12x15 rear deck at grade

Front Porch: $1500 (not including work on exterior windows)

• Rebuild front door to clear hump in floor with automated sweep• Clean floor and repaint• Prep and repaint room• Inspect and seal interior window as needed

1st Floor: $5200 + $2.50 per sqft of flooring installed (price of flooring and electrical not included)

Need to take a second look in house if possible I would like to match original flooring in kitchen, which would most likely lower the flooring cost)• Replace front door (32” left hand inswing try to match décor) Jeld-wen 6 lite prehung $398 would need to be painted to look appropriate• Clean walls repair, paint and caulk window frames (color Simply white recommended in scuff defense)• Level and prepare floor for vinyl including removing all trim, repairing and replacing as damage occurs, install nosing and transitions• Install vinyl floating floor throughout first floor (customer to select flooring for pricing) (sqft unknown install rate is $2.50 Per sqft)• Electrical plan to be determined

Kitchen: $3800 (not including cabinets, refrigerator, sink, faucet, stove)

• Repair damaged floor joist and subfloor• Install kitchen sink• Repair walls trim and paint• Refrigerator location is unknown at this time

1st floor bathroom: $1800 (customer to supply vanity and faucet)

• Remove toilet and flooring (if subfloor repair is need current price does not reflect cost)• Repair walls and paint• Install vanity (work with customer in choosing appropriate vanity)

Laundry Room: $1300

• Install matching rear door 32” RT inswing• Install dryer exhaust• Repair walls, trim and paint• (walls will likely need to be opened for electrical work)

2nd Floor: $2200 Not including Floor refinishing

• General clean-up of walls and trim• Paint• Seal windows as needed• Floors refinished

2nd Floor bath: $5050 (does not include vanity, tile, mix valve, tub)

• Gut shower• Replace toilet• Install vanity• Tile shower• Tile bathroom floor• Repair walls• Trim• Paint

Staircase: $800

• Remove remainder of carpet tack strips• General restoration repair

Basement / utilities: $350 (electrical, plumbing, and heating is separate quote)

• General clean up• Clear all debris from premise 

Total quoted cost: $34,500 + $2.50 per sq ft flooring installed. Flooring labor is not included in the quote total as it is undetermined at this time.

First payment: $1500.00 this is to cover time and labor managing subcontractors
Second payment: $11,000 due when our crew begins on project site

Third payment: $11,000 due at midpoint

Final Payment: $11,000 + $2.50 per sq ft for flooring installed

See excerpt from contract bylaws for situations that may affect payment costs and times.

  1. My crew is looking at starting mid-October, however other contractors can be on sight as earlier as 2 weeks after receiving first payment.
  2. We do not offer an official completion date due to the nature of our work and the many factors that can affect time frames. We do work hard to complete projects in a timely manner. Our crews work Monday-Friday to ensure a favorable completion date.

For further explanation, please see excerpt from contract bylaws.

  1. Ensuring we have access to the home always is an important factor in making sure we can timely complete a project. How will be accessing the house during construction time?
  2. If I am unable to find an exterior painter with timely availability from my list of preferred painters, I can coordinate with a painter you secure. Understand that I cannot endorse, be held responsible for their work, job site performance or quality of product.

Payment costs - Due to ongoing market fluctuations, if market drastically increases after start, quote will need to be adjusted to reflect new material costs. This may affect final payment cost or create a third mid-point payment.

Time Frame: The commencement and completion dates reflect CONTRACTOR best estimate and assumes normal job, site and weather conditions, availability of materials, prompt cooperation of the client and free access to all work areas during working hours. Actual elapsed time for the project may be affected by lead times and delivery delays for materials, weather and/or changes in the project requested by the client. CONTRACTOR is not responsible for conditions beyond its control; resulting delays shall not constitute an abandonment of the work. CONTRACTOR shall not, under any circumstances, be liable to the client for damages due to delays

Loading replies...