insurance estimates

Contractor Bid Higher Than Insurance Estimate? How to Bridge the Gap

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Contractor Bid Higher Than Insurance Estimate

The Core Truth: A gap between the bid and the estimate is normal. It is rarely a “take it or leave it” situation; it is the start of a reconciliation process. Scope vs. Price: Most gaps are caused by missing scope (items left out), not just price differences. You must fix the scope first. The … Read more

Overhead and Profit: When It Shows Up and Why It Sometimes Does Not

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Overhead And Profit Insurance Estimate

The “Hidden” 20%: Overhead and Profit (O&P) is a surcharge paid when a General Contractor is needed to coordinate the job, typically adding ~20% to the total. The Trigger: It is not automatic. It is usually triggered by the complexity of the repair, not just the cost. The “Three Trade” Myth: Many adjusters use a … Read more