If a contractor makes a bid for large home addition, is it normal/expected that the home owner will make a counter offer?
If yes, is there any special ettiquite, or reasonable percentage to ask for?
Thank you.
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Contractors don't usually negotiate. The best practice (from experience) is to get 3-5 estimates and go with one in the middle. Too low and you get what you paid for, too high is just screwing you - The middle guy is usually the best.
Be sure to get EVERYTHING (including estimated completion date) in writing or you will regret it.
No you do not counter offer. You get minimum of three bids from different contractors. You then negotiate with the one you can work with. The best you can say is the price is more than your budget and ask where some savings might. be. counter offering is futile since the only leeway a contractor has is on the cost of labor. If he agrees to your lower price, he will cut corners.
if you have not solicited bids from more than one contractor you are in a tough spot.
Negotiation is normal but you have little leverage without another contractor to use.
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