Things to Know Before Hiring a Contractor: Negotiate a Maximum Hourly Rate

Negotiation is a critical skill to have when you are choosing a contractor.  Getting an agreement on price based upon a specific hourly rate will save you money and will help control costs.

Also consider that most contractors bid a project on time and materials and consider what they give you an estimate–unless you bargain for a firm-fixed price or fixed number of hours for the job.  Either way, you need to have some controls and limits in place to control costs and help maintain your budget.

Since you have already gathered multiple bids from several contractors, you have a pretty good idea as to what they average or going rate per hour.  That will give you a good basis for understanding what a fair price for the project is.

The Grass Queen