Tuesday, January 6, 2009

Choosing A Contractor: 6 Things You Should Know

By Steven M. Fhisher

1: HE MUST BE RELIABLE.

Make sure your contractor is licensed by your state (if required), has been in business for 5 years or more, carries general liability insurance (get copies of his policies) and carries worker's compensation. Additionally, make sure he has sufficient capital and doesn't need your business to pay his bills this month.

2: THE WORKMANSHIP TEST.

The only way to judge workmanship is through on-site inspection. Ask for references and arrange to examine projects similar to yours from previous jobs. Most contractors will carry photo books to show you samples of their work.

3: TEAMWORK AND TRUST.

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: BIDS.

To get comparable bids for your project, write out the specifications, including sample building materials and fixtures and give 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. Hire a designer to create project specifications, if you are not comfortable doing it yourself.

5: CHECK PRICES.

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: STAY WITH IT.

Even the best contractor needs to be watched. The most successful projects are the ones in which you keep a watchful eye and not walk away. Write the check to a company. 30% is a reasonable down payment upon delivery of materials. Only make final payments when the work is completed to your satisfaction. - 16492

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