As you compare estimates from several residential roofers, you’ll find how much they differ from each other. Comparing estimates helps you give an idea of how much you need to spend, after all, while also encouraging contractors to offer their products and services at competitive rates. However, it also helps to know what you should find in an estimate so that you won’t be surprised with additional costs later during the roofing process. Atrium Roofing shares more insight:
Knowing Their Differences
Some contractors may offer quotes in place of estimates, which tend to be priced higher. This doesn’t always mean they’re the better choice, as estimates and quotes contain different information. In short, an estimate is just a ballpark figure of how much the roofing job will cost based on the contractor’s experience. However, a quote will be more detailed.
Quotes, or bids, typically outline every aspect of your roof replacement project. It’s also the document that becomes a contract when agreed upon by both parties and signed. They can also cost less or more than an estimate by around 10 to 15 percent.
What to Expect in Your Estimate
Basic Company Information – Your estimate should have the company’s basic contact information including its physical address, email address, and phone numbers. This will make it easier to contact them later on for any inquiries.
Proof of License and Insurance – Your contractor must have a license to operate in their area. You can verify their license by checking its number on the state’s licensing board. They must also have at least two types of insurance (i.e. liability insurance and workers’ compensation), as required by most states.
Project Timeline and Itemized Costs – In a typical estimate or quote, an estimated start and completion date is specified along with details of all the costs associated with your roofing project. This is to ensure that there won’t be any unexpected costs during construction, but it’s always safe to set aside part of your budget for additional repairs that weren’t identified until after the older materials were removed.