Why the Three-Bid System Fails Homeowners
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Why the Three-Bid System Fails Homeowners
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概要
In this episode (002) of the Built Over Time podcast, host Marc Wells discusses the intricacies of obtaining bids and quotes for construction projects. He emphasizes the flaws in the traditional three-bid system, advocating for a more informed approach to selecting contractors and understanding costs. Mark introduces the concept of a '30,000 foot overview' to provide clients with a realistic budget range and highlights the importance of transparency in the budgeting process. The episode aims to educate homeowners on avoiding common pitfalls in contracting and ensuring a smoother renovation experience.
takeaways
- The podcast aims to educate listeners about construction processes.
- Getting three bids is often misleading and ineffective.
- A 30,000 foot overview helps in understanding project costs.
- Homeowners should vet contractors based on quality, not just price.
- Transparency in budgeting is crucial for successful renovations.
- Understanding associated costs can prevent financial surprises.
- DIY projects can lead to misconceptions about costs.
- Contractors have additional costs that homeowners may not consider.
- Establishing a budget early on is essential for project viability.
- The podcast seeks to improve the reputation of contractors.
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