Notifications
Clear all

how long should we honor price quotes?

233 Posts
224 Users
0 Reactions
1,231 Views
Posts: 4
(@minimalism_andrew)
New Member
Joined:

Yeah, I think you're onto something there. Being upfront about material volatility is definitely the way to go. Honestly, I've seen too many contractors get burned lately by locking in quotes for way too long—especially with metals and lumber prices bouncing around like crazy.

I remember one job last summer where a contractor friend of mine quoted aluminum siding at a fixed price, and by the time he got around to ordering materials (maybe 6 weeks later?), the cost had jumped nearly 20%. He ended up eating most of that extra cost because he didn't want to upset the homeowner. Good guy move, sure, but not exactly sustainable business-wise.

The thing is, most homeowners I've dealt with actually appreciate honesty more than anything else. If you clearly explain upfront that certain materials are volatile and your quote is based on current market rates, they're usually pretty understanding if prices shift a bit by the time they commit. It's all about setting realistic expectations from day one.

One thing I've noticed helps is giving customers a clear timeframe—something like "this quote is valid for 30 days" or even shorter if you're dealing with particularly unstable materials. That way they know exactly how long they have to decide before things might change. And if they drag their feet beyond that window... well, at least you've covered yourself.

Also, it doesn't hurt to briefly explain why prices fluctuate so much these days—supply chain disruptions, global demand spikes, tariffs... whatever's relevant. People tend to be more forgiving when they understand there's an actual reason behind it and you're not just randomly hiking prices.

Bottom line: transparency upfront saves headaches down the road. Better to have a slightly uncomfortable conversation early than an awkward dispute later on when you're already halfway through the project and stuck footing unexpected bills.

Reply
naturalist584489
Posts: 3
(@naturalist584489)
New Member
Joined:

Couldn't agree more about setting clear expectations upfront. But honestly, even with a 30-day quote window, things can still get messy. A couple years back, I had a contractor quote me for a deck rebuild—pressure-treated lumber prices were all over the place at the time. He gave me a clear heads-up that the price was only good for two weeks, but when I finally pulled the trigger (at like day 13), he still came back saying prices had jumped again.

At first, I was pretty skeptical and felt like it was a bait-and-switch move... but he took the time to show me the updated pricing from his supplier. Seeing actual numbers made a big difference. Yeah, it was annoying to pay more than expected, but knowing it wasn't just him padding his profit helped smooth things over.

Bottom line is contractors need to protect themselves, sure—but homeowners also need proof they're not getting taken advantage of. Transparency works best when it's backed up by real numbers and honest communication.

Reply
paulmoore234
Posts: 8
(@paulmoore234)
Active Member
Joined:

Had a similar issue last year with a green roof install. Supplier quoted sedum mats at a fixed price for 3 weeks, but when we ordered at week two, costs had jumped due to shipping delays and fuel surcharges. Contractor showed me the updated invoices—definitely eased my frustration. Agree transparency is key, but sometimes even clear quotes can't predict market swings...

Reply
Posts: 1
(@drakeallen36)
New Member
Joined:

"Agree transparency is key, but sometimes even clear quotes can't predict market swings..."

Yeah, transparency definitely helps smooth things over when prices jump unexpectedly. But I'm curious—did your original quote specify any conditions or exclusions related to fuel or shipping costs? I've found that a lot of suppliers nowadays include fine print clauses about market volatility or external factors affecting their pricing. If yours didn't, maybe that's something worth double-checking next time.

Had a similar thing happen recently with HVAC equipment. Supplier quoted us a fixed price valid for 30 days, but when we placed the order around day 20, they hit us with a steel surcharge. I pushed back since the quote didn't explicitly mention surcharges or adjustments, and after some back-and-forth, they honored the original price. It wasn't a huge difference, but it was more about principle and clarity for future dealings.

Makes me wonder, should we be expecting more flexible quotes now instead of fixed-price guarantees? Or maybe shorter validity periods? It's tricky because clients want certainty, but suppliers are understandably cautious about committing too far ahead in volatile markets.

Also, has anyone had luck negotiating a capped percentage increase clause into their contracts? I've heard some contractors are open to that—basically agreeing upfront that any unforeseen increases won't exceed a certain percentage. Could be worth exploring if you're dealing with large-scale projects or sensitive budgets...

Either way, seems like we're all navigating this new normal of unpredictable pricing. Guess it's just another challenge to factor into project planning these days.

Reply
Posts: 7
(@alexp28)
Active Member
Joined:

I get the appeal of capped percentage clauses, but honestly, suppliers might just build that potential increase into their initial quote anyway. Had a similar experience with roofing materials last year—supplier agreed to a capped increase, but the initial price was noticeably higher than competitors who didn't offer that clause. Ended up paying more overall for the illusion of certainty.

Also, shorter validity periods sound good in theory, but realistically, how practical is that? Projects rarely move fast enough to lock in pricing within a tight window. Seems like we'd just be chasing our tails trying to keep quotes current.

Maybe instead of focusing on locking down prices, we should push suppliers harder on transparency about their cost structures. If they're upfront about what's driving price changes—steel tariffs, fuel surcharges, whatever—we can at least anticipate and budget accordingly. Feels like clarity beats false certainty any day...

Reply
Page 25 / 47
Share:
Scroll to Top