For investors

Contractor bid check

Answer nine questions about the bid you received. You will get warnings about what commonly goes wrong in a bid. Nothing is saved or sent.

1. Does the bid include a bill of quantities with items, quantities and unit prices?
2. How is the price set?
3. How large is the advance payment at signing?
4. How is the rest paid?
5. Is a completion deadline stated?
6. Is there a warranty for the works and for hidden defects?
7. Does it state what is NOT included in the price?
8. Who certifies quantities and interim statements?
9. Is the bid much cheaper than the others?