For the next rehab in the park I told all contractors bidding they had to give one flat price for parts and labor. I interviewed about 10 applicants who responded to a craigslist add, and after reviewing their references invited the four most promising out to give bids on the house. It’s a pretty rough house, and three of the four were scared off by the prospect of giving one flat price and they never submitted bids. The only bid I got came in on the higher side. I was wondering if other park owners could help me out with a couple of things:
Even on your rougher houses do you always require contractors to bid one upfront price for parts and labor?
Here is the one bid I’ve received, how does the pricing look to you?:
I would love to compare that bid to others, but no one else even chose to bid on it!
In the past I have had rehabbers bid for their labor only and the park would supply the parts, but that has the obvious drawback of inviting waste and embezzlement of supplies.