Choosing a construction contractor: what to compare
Price is one line in the comparison. Capacity, record and fit for the scope matter as much.
The lowest bid often turns out not to be the lowest cost. Owners who compare contractors on a wider set of points tend to have fewer surprises during execution.
Points worth comparing
Completed projects of similar type and scale
Current workload and available capacity
Key personnel who will actually be on site
Financial strength to carry the work between payments
Safety and quality record
References you can call
Define the scope first
Clear drawings, a bill of quantities and a realistic timeline let contractors price the same thing. Vague scope produces bids that cannot be compared and disputes later.
This article is general information and not financial, legal or investment advice.
