Besides the time period when construction actually occurs, the Bidding Process and Obtaining Financing may be the most time intensive phase of your project.
Not only can the bidding process span over a month, but the process of securing financing may also take a lot of effort and time. However, if you know what to expect, the processes tend to be less stressful and frustrating.
About the Bidding Process
Once the plans have been completed, it is time to meet for a pre-bid meeting with your selected contractor. Keep in mind that the bidding process may span over a month, so be patient...yet diligent!
- You will typically need to be prepared to provide 3 physical copies of the plan for bidding as well as 1 electronic copy.
- Bring a copy of your "Feasibility Review" checklist as this will have key information for the builder.
- During the bid, you can upload your "idea photos" with descriptions of specialty features you would like the contractor to consider.
- Remember that the contractor will bid the home based upon the plans only during the initial estimate. Features can be added later to adjust for preferences. This is always the simplest path forward and helps to reduce overwhelm.
- Thoroughness at your pre-bid meeting will speed up the process.
What to Expect During the Process
- Depending on the complexity of the bid, expect the bidding process to take between 3-5 weeks. Remember that a thorough bid will lead to fewer changes after the home construction has begun.
- At Carroll Construction, LLC , we understand clients are anxious to begin and want to be kept up-to-date on the progress. That's why we contact clients at the beginning of each week with a status report of the process.
Reviewing the Quote
- Once you receive the bid, any special features and some provisional costs should be spelled out on the quote. Be sure to review this thoroughly because, if it is not on the quote, it may not have been included in the final price.
- If the quote is higher than you were expecting don't give up! Remember that the quote is prepared based upon your wish-list before knowing the cost of those items. If you have shared your budget with the contractor, they may be able to make suggestions to help you complete the project in budget. This could be design adjustments as well as finish adjustments.
Article by Robert Carroll
Robert is a NAHB Certified Graduate Builder with Carroll Construction. Robert joined the team in 2007 after graduating from L.S.U. with a degree in Construction Management. Now as Chief Operating Officer, Robert Carroll is extremely active in the local builder community, a leader in the LHBA, and is an avid supporter of charity and community causes inside the Greater Baton Rouge area.
