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URL:  https://boards.fool.com/is-his-rate-too-good-to-be-true-i-would-19679438.aspx

Subject:  Re: Low-ball estimate? Date:  10/7/2003  3:43 PM
Author:  FoolYap Number:  41691 of 140327

Is his rate too good to be true?

I would certainly ask for and call all of his references. And if you can get 3-4 good references, I'd take a chance. He's less than one third the cost of the next-lowest bid.

It may simply be a case of the others not particularly wanting a small job like that. I've heard stories of contractors getting turned down because their bids were "suspiciously low". Solution: Raise the bid to be "competitive" with everyone else, and magically, they get the jobs. The little voice saying, "too good to be true?" certainly is strong in most of us! :-)

It may also be that he simply is relatively new to the job and is not yet aware of how much money he's leaving on the table with his bids. ;-)

--FY
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