Friday, January 2, 2009

Finding A Contractor: Six Things You Need To Know

By Steven M. Fhisher

1: RELIABILITY IS KEY.

If your state requires a contractor's license, make sure he has one. Additionally, he should have been in business for 5 years or more, carry workmen's compensation and general liability insurance (get copies of the policies). Finally, make sure he doesn't need your check to pay this month's bills.

2: THE WORKMANSHIP TEST.

Referrals are the best way to choose. If that isn't a possibility, ask for references. The only way to judge the quality of his work is through on-site inspection. If you can see first hand some of his previous jobs that would be great. If not, most contractors carry photo books to show samples of their work.

3: TRUST AND WORKING TOGETHER.

There are two ways to go. If you want to leave the details to an expert, then hire one whose decisions you trust. If you want to be involved in every decision, then hire a contractor who is comfortable with close supervision. The best contractor you can hire is one that cares as much as you do. They do exist.

4: GET THE BIDS.

Try to get three bids. To get these bids, write out your specifications, including fixtures and sample building materials. Give a copy to each contractor submitting a bid. The more detailed the specifications, the easier it will be to compare bids because all should use same materials in their cost breakdowns. If you are not comfortable doing this yourself, hire a designer to create the specifications before you. Although the designer step may seem like an extra cost, it may save you money and frustration in the long run.

5: PRICE CHECKING.

Request a cost breakdown sheet and double check all the prices. This should include labor, materials, fixtures, and expenses (including subcontractor bids and building permits). Finally, make sure that your contractor gives you a fixed timetable.

6: STICK WITH IT.

The projects that turn out the best are the ones where you have not walked away. Even the best contractor needs to be supervised. Make your final payment only when the work is completed to your satisfaction. 30% is a reasonable down payment upon delivery of materials. Finally, pay by check with the contractor's company name.

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