Contractor bid guide

Fixed Price vs. Time and Materials for a Remodel

Neither structure is automatically better. They allocate uncertainty differently, so compare assumptions, markups, allowances, documentation, and change handling.

Fixed price still depends on defined scope

A fixed total is meaningful only for the work and assumptions actually included. Exclusions and allowances still matter.

Time and materials needs transparent rules

Ask about labor rates, subcontractor markup, material markup, equipment, supervision, time records, invoices, and any not-to-exceed or budget controls.

Compare risk allocation, not labels

Consider who bears uncertainty for quantities, concealed conditions, selection changes, schedule changes, and design revisions.

Use the decision as the starting baseline

When you choose a contractor, preserve the accepted scope, price, allowances, and payment milestones. CheckMyBids is the pre-hire side of the workflow; CheckMyRemodel is where the awarded project continues when changes and payments start.

Compare your own bids.

Use a free CheckMyBids tool or start a Bid Snapshot before you sign.

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