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Heard from a builder last week that changed how I bid jobs

I was talking to this builder Ive known for years over coffee Tuesday. He told me he's started factoring in a 15% buffer for every drywall job because of how often subs get burned by hidden stuff behind old walls. Said he lost $2,300 on a single bathroom remodel last fall when they found rot behind the tile and the drywall guy had to rip out and redo everything. It hit different because Ive been underbidding for years and just eating the loss when things go sideways. Has anyone else started padding their bids based on stuff like this?
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3 Comments
thomas_price
@jordan_hill this whole economy's just pricing in more risk everywhere you look now.
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jordan_hill
Lost $2,300 on a single bathroom remodel" - man, that stings just reading it. I'd be sick to my stomach if I took that kind of hit on one job.
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brooket43
brooket4311d ago
Is it possible the bid was too low from the start?
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