So you’re ready to start your refractory project, but you need to choose the best contractor for the job. What’s your first step? The bidding process can give you insight into the cost and process of various contractors, but going with the cheapest option may come back to haunt you. Choosing a refractory contractor should be based on much more than price.
As US manufacturing faces mounting pressure to cut costs and turn a profit, it’s crucial that construction and maintenance expenses be kept as low as possible. However, with something as crucial as refractories, you can’t afford to be cheap. Here are 5 tips to help guide you in the bid process:
- Think Long-Term
- Be Specific
- Ask Questions
- Disclose Everything
- Include Stakeholders
1) Think Long-Term
It may be tempting to opt for the lowest priced bid but keep in mind long-term costs. What’s initially the cheapest bid could lead to additional expenses if it’s not done well. This means that the lowest price might actually be the highest total cost.
2) Be Specific
Your bidders should have all the facts and background in order to make an educated quote. This includes the scope of the work, all relevant factors and the type of refractory you desire.
3) Ask Questions
What criteria are your bidders using? There are so many factors to consider and each of those factors affects price, so make sure you ask a lot of questions to ensure that you understand the quote.
4) Disclose Everything
Don’t try to hide anything or sugarcoat your situation to a refractory installation contractor. It will not save you money and could actually cost you more in the end.
5) Include Stakeholders
People who don’t have the best interests of the business in mind will often choose the cheapest bid. They’re not invested in the long-term success of the refractory. Someone with a stake in the business should play a big part in choosing the refractory contractor.
A Successful Refractory Process
While the temptation to save money can be overwhelming, the success of your entire operation hinges on a long-functioning refractory. Making the right choice the first time around will benefit your profitability in the end.
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