Home builder is building a 3000 sq ft home, and asked me to give him a price. I have a set of plans and the home is large. Never having bid on a project before, I really have nothing to go by but a price of 2.25-2.50 per sq foot, to build it to code and everything else a t&m price. My problem is that I don't have the capital to lay out for the material at this time. I really don't want to go into home building as it is too cut-throat and demanding, but one home at a time would seem to be manageable , and I wouldn't be jeopardizing my service oriented business.
I explained my lack of experience in contracting to the h.o., and he asked me to bid anyway.
What should I do to ensure that I don't get ripped off? I am not out to make a killing, I just want to ensure that I get my hourly rate, and reimbursed for materials? Any advice would surely be appreciated.
Thanks
