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Rehabbing & House Flipping

User Stats

6
Posts
1
Votes
Stacey Blunt
  • Investor
  • Columbus, OH
1
Votes |
6
Posts

Contractor Bid Questions

Stacey Blunt
  • Investor
  • Columbus, OH
Posted Nov 17 2014, 18:05

Ok, so me and my partner are doing our first rehab and are in the process of getting general and subcontractors into the single family home to give us bids on our renovations and improvements. We just got our first one back today and it came with a detailed outline of everything we asked to be considered in the project, but the only price that was included in the outline was the total price of $95,000...way over what we had budgeted. This is my first time dealing with contractors, but am I wrong in assuming that a good detailed bid should include the prices for each particular aspect of the project? I even tried to call and ask about the specifics and prices for each portion but he said that if he did that then the price of the bid would have to increase. The only information for specific price he would give me (after several failed attempts) was the cost of the HVAC portion of the work and that was substantially greater than what an HVAC subcontractor had bid! Should I decline this and keep my search open or try to work with this guy and come to an agreement on the numbers?

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