Quick Tips I How to Get Contractor Pricing - RFP Magic

Inviting a contractor to provide a bid/price for your project is an art and a skill. You can use the Request for Proposal Document (RFP) as a tool to help you choose a great contractor to construct your renovation or remodeling project. The RFP puts the homeowner and property owner in charge. The contractor must respond to your RFP correctly in order to have any hopes to construct your project. The RFP also serves as a checklist that allows the property owner to plan and organize their project goals. The RFP is consists of several important sections to include:

• Date & Title/Name of the Project
• Project Scope Statement that references the plans, specifications and/or a detailed scope of work
• Approximate Start Date
• Approximate Duration
• Bid Award Rules (Low Bid, Quality of Bid, Best Value)
• Bid Requirements to include the Bid Pricing Sheet and Preliminary Project Schedule
• Contract Attachments (Safety Plan, HOA Rules, Local City Ordinances) 
• Your rules, to include taking off shoes, work hours, smoking, cursing, 
• Subcontract Agreement (Fixed Price, GMP, Cost Plus, Time & Material)
• Bonding Requirements
• Insurance Requirements
• Rewards or Liquidated Damages
• Warranty Requirements
• Permits, Fees, Inspections

Learn the magic of the RFP document so that you can hire a great contractor and avoid project chaos and money loss.