General Contractors in Chicago, IL | FAQs

How far off can an estimate be?

Always remember that an estimate cannot give you the exact amount, but professionals like us always see to it that there is only a small difference. You can expect the final cost to be 5% to 20% above the estimate, and in some cases, it could be lower than that. We recommend our clients not spend full but rather keep about 20% of the project’s funds in case of price discrepancies.

How detailed should a construction contract be?

The contract should have all the information regarding the project. This means specific descriptions are essential. You may need to read the contract thoroughly to ensure no minor and major details are missing, especially the payment terms. So before signing the document, take time to review it, and if you have questions, do not hesitate to ask your contractor.

What should be included in a contractor's estimate?

Everything. They give estimates to show you how much the project will be. Think of it as a forecast of the overall costs. They have to include the cost of labor, materials, delivery, and even their professional fees. Ensure that you read through each item on the estimate to ensure that everything is there to avoid overspending and hidden charges.

What should you not say to a contractor?

In terms of bidding, never tell them that they are the only bidder for the job. Even if it is true, you should never let them know so they would not take advantage of the situation. Also, avoid telling them your budget. Our general contractors make sure that we never ask these things; instead, we focus more on the project and give our clients the best price.

Should I pay a contractor half upfront?

No! You should avoid paying 50% of the total project cost. If your contractor asks you to pay half, it is best to look for a different one. The general rule for general contractors is to ask for a down payment to secure the job. But make sure that you are paying between 10% to 20% of the overall cost.

How detailed should a construction contract be?

The contract should have all the information regarding the project. This means specific descriptions are essential. You may need to read the contract thoroughly to ensure no minor and major details are missing, especially the payment terms. So before signing the document, take time to review it, and if you have questions, do not hesitate to ask your contractor.