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how long should we honor price quotes?

675 replies 33.7 K views
 
arain19
16 posts

"Sometimes I'll even share recent supplier quotes to illustrate the shifts clearly."

That's a smart move, transparency usually goes a long way. As someone who just went through my first home renovation, I appreciated when contractors explained step-by-step why prices changed - made it easier to swallow the bad news, haha. Maybe consider giving customers a heads-up when the quote's nearing expiration? Might save some headaches later on...but yeah, roofing materials lately are wild.


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ryanvlogger
21 posts

Yeah, transparency definitely helps. When we redid our deck last summer, lumber prices were bouncing all over the place. Our contractor was pretty upfront about how long his quote would hold - think it was around two weeks? Anyway, he gave us a quick heads-up a few days before it expired, which was nice. Saved us from scrambling or getting blindsided by higher costs later. With how unpredictable materials are lately, setting clear expiration dates seems fair for everyone involved...


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design160
14 posts

Two weeks sounds pretty reasonable, especially with lumber prices being all over the map lately. When we did our kitchen remodel, our contractor gave us a month, but honestly, by week three he was already hinting that things were getting dicey. Luckily we locked it in just in time. Makes me wonder though - should contractors build in a buffer to their quotes upfront, or is it better to keep the window short and prices tight? Curious what others think about that...


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richardbrown839
6 posts

- Two weeks is fair, but honestly, with how volatile materials are lately, I'd lean toward contractors building in a small buffer upfront.
- Seen plenty of jobs where the contractor got squeezed because prices jumped overnight - then corners get cut or quality dips.
- A short window sounds good on paper, but reality's messy... better to have a realistic cushion than scramble later. Just my two cents from inspecting homes where "tight quotes" turned into tight spots.


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josephgamer870
16 posts

"better to have a realistic cushion than scramble later."

I get your point about building in cushions, but careful with how big that buffer gets. I've seen it swing the other way - contractors padding their quotes too generously, and homeowners feeling taken advantage of. Had a client once whose roofer added a huge cushion "just in case," and when prices stabilized, he didn’t adjust... left a sour taste for everyone involved. Maybe instead of upfront buffers, revisiting quotes periodically could strike a better balance? Just thinking out loud here...


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