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Updated over 2 years ago on . Most recent reply

User Stats

150
Posts
27
Votes
Khari F.
  • Kissimmee, FL
27
Votes |
150
Posts

Where to find bid comps?

Khari F.
  • Kissimmee, FL
Posted

My understanding from researching on BP is that you either pay a gc to walkthrough or dont waste their time if you dont have property under contract and intend on hiring them.

Why isnt there a site for investors to share their line item bids (private info redacted) so other investors can see market trends for material/labor costs and run “bid comps” for their specific market.

Would that be a more realistic approach for estimates if 5 investors in charlotte submitted their recent contractor bids from October and now other investors in charlotte can run numbers based on those avgs. 

if investor traditionally gets 3-5 quotes based on SOW wouldnt it be just as valid and simpler to run 3-5 comps on a website using other investors’ bids for the same materials in same market for same time period?   

Is that far fetched? What im not factoring in into this scenario? 

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