Understanding Your Demolition Estimate

» Posted by on Jun 10, 2020 in Demolition Services | 0 comments

You will want to know how much the project will cost and the breakdown of the cost before you start any demolition project. A professional contractor will offer you a bid or an estimate when reaching out to them about your project.

Today, we are going to help you understand your demo SF estimate.

Difference Between Estimate and Contract

Before we start, it is important for you to know the difference between estimate and contract. For those who don’t know, the estimate is based on assumptions and facts. It is an estimated calculation. On the other hand, a contract is what comes after you approve the estimate.

A contract is a legal paper where all the assumptions and facts are verified in writing. A contract includes every information of the project, such as project changes, processes for conflict resolution, responsibilities, project timelines, dates, and much more.

Payment Terms

It is vital for you to know payment terms, such as the payment schedule and accepted payment forms. This includes financing, card, check, or cash.

For instance, is the company asking money upfront? Keep in mind that you should only pay no more than 50% upfront.

Cost of Permits

Before the project can start, almost every demolition project needs a permit to be obtained. A professional contractor will have no issue obtaining the permit for you. it is probably an indication that they are not qualified to do the job if they aren’t willing to pull the permit for you.

Because of that, a permit usually costs $150 to $350. However, depending on where you live and your project, it might be more or less.

You have to ensure you know the cost of permits and make sure it is included in the estimate.

Cost of Materials

Almost every demolition project doesn’t need materials. However, some do. This includes interior demolition projects.

If you hire a professional to handle the demolition, the estimate should include any replacement materials that the company will use if you aren’t buying the materials yourself.

These materials can be sod or grass seed and topsoil that are installed after the project is done. It can also include the required materials to build another structure.

You have to ensure that the information is included. Also, you’ve got to ensure that there is a breakdown of the material cost.

Cost of Labor

Whether it is by project, daily, or hourly, professional contractors are upfront about the rate they charge for labor. The estimate of the contractor needs to list what kind of labor rate they charge for the work.

The professional should also estimate how much time they expect the project to take based on the details you provide them if they charge a daily or hourly rate.

These are just a couple of things you’ll find in your estimate. If you’ve got any inquiries or questions, do not hesitate to contact the professional. If they aren’t willing to answer your questions or explain the estimate, it is probably an indication of a dishonest company.

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