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My Bids Are Coming In Well Above Expected, What Should I Do? Listener Question— BYHYU 118

My Bids Are Coming In Well Above Expected, What Should I Do? Listener Question— BYHYU 118

FromBuild Your House Yourself University


My Bids Are Coming In Well Above Expected, What Should I Do? Listener Question— BYHYU 118

FromBuild Your House Yourself University

ratings:
Length:
7 minutes
Released:
May 23, 2018
Format:
Podcast episode

Description

Recently a listener emailed me with a question that I thought would be good to answer on the podcast.  It has to do with the bidding process.  Getting bids is the process of getting cost proposals from subcontractors.  To get an accurate bid, at a minimum, we need to give each subcontractor a set of house plans and specifications.  The specifications describe the specific materials needed for the job and the methods for construction.  We’ll talk in more detail about the bid process next week in a mini-lesson.  But right now, let me read you the question that I got, then I’ll give you my answer. I've enjoyed listening to your podcast as we are in the pre-construction phase of planning to build our own home. However, in the past couple of weeks, our subcontractor bids have been coming in and we are starting to get concerned. I sent MULTIPLE bid requests to subcontractors for each trade, and even though all of them haven't come in, we are trending well above what it would cost to go through a builder. What am I doing wrong? Do general contractors have some underground network of cheap laborers that I'm missing out on because I'm not a GC? Any advice would be helpful! Show notes at BYHYU.com
Released:
May 23, 2018
Format:
Podcast episode

Titles in the series (100)

Wish you knew more about the biggest investment you will most likely ever make? Build Your House Yourself University (byhyu) will teach you to save money and make smart decisions about the construction of the place you and your family will call HOME. We will help you understand residential construction— simplify and demystify the design build process. You’ll come away with successful strategies for building your own house, with or without a general contractor. Become an educated consumer, even if you prefer to buy, rather than build a new house. Complex construction jargon and best practices will be explained in easy to understand terms. It’s not the typical DIY (do it yourself) show. You will learn how to MANAGE the labor, not DO the labor for your new house. Join me, Michelle Nelson, host and fellow informal residential construction student. I’ll share the research I find on home design and building as I prepare to build my home. Together, our community of future home builders, will learn the tips, tricks and trends of experienced contractors and industry experts. I’ll interview owner-builders and construction professionals. During our mini lessons, I’ll inform you about framing, flooring, windows, insulation, kitchen cabinets and countertops…almost anything having to do with new construction homes. You’ll hear about energy efficiency and green building too. There will be product reviews in which you will be introduced to cutting edge, as well as, tried and true products and services. And in keeping with the university theme, episodes will end with short, fun quizzes. If we do our due diligence BEFORE we start construction, we will actually start construction with the most difficult part of the project behind us. Let’s put in the time, effort, preparation and research BEFORE we break ground and building our homes will be much easier and more enjoyable.