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Reply to "Open Discussion -- Fixed Price Quotes or Itemization"
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[quote=Anonymous]Was curious what you guys think? I'm screening contractors for a full kitchen renovation (remove a wall, new cabinets, countertops etc.). Many contractors give a laundry list of work followed by a lump sum with no breakdowns (not even by categories). I understand that estimates are offered for free and the less detail and work they put into it the more time they save (heck, they don't even know if they will get the job). I have often asked for, and received, breakdowns of the lump sum. Not a crazy itemized list (like price for switches and door pulls) but categorically like Demo, Install Cabinents, Material Costs etc. A friend says it's better to work with a lump sum because it gives Contractors flexibility to move money into different buckets. My response to her is "sure... gives them plenty of flexibility to move money into their "profit" bucket." How can you shop prices if you don't know what different category of work is pricing at? Any thoughts?[/quote]
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