If you have been having contractors bidding on a project that you are hoping to complete sometime in the near future, you could be having a tough time choosing someone out of all of the bids. These are some of the things that you are going to want to look at when looking at contractor bid bonds and choose someone to complete your project:
1. Estimated Time of Completion
First of all, you are probably going to be interested in seeing when each contractor thinks he or she can have the job completed by.
If you purchased or last refinanced your home at a time when interest rates were much higher, you may have periodically considered refinancing to reduce your interest rate for the remainder of your loan. While shaving off several percentage points in interest can save you thousands or even tens of thousands of dollars over the term of your loan, there are costs associated with each refinance as well, and glossing over these when making your decision could ultimately cost you.