Bid Requirements

  • Submitted on the contractor’s letterhead and include the contractor’s contact information, name of company, name of primary contact, business address, telephone number, email and contractor’s license number.
  • Be issued to the borrower
  • Reference the subject property address
  • Be true bids, not estimates
  • Describe in detail the work being performed
  • Blend taxes, overhead and profit into each line item. Taxes, overhead and profit are not allowed as separate line items
  • Be signed by both the contractor and the borrower(s)

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