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- Aug 28, 2011
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TWIMC, I buy a lot of art. There is a right way and a wrong way.
The wrong way. "I know a guy who can built a statue for $25,000."
The right way. The three bid process.
Identify three possible contractors. This is easily done on the internet and you can look at their previous work.
Send the same parameters to each bidder. For example, We want a seven-foot tall, bronze statue to stand on three foot circular base based on enclosed/attached photograph of Jim Calhoun. The statue will be placed outside and must be withstand the elements. Please include installation in the bid. Bids are expected by September 30th 2012 with installation in March 2013. Our price range is $20,000 to $30,000. The bid specs should be more involved (and real) but this gives an idea.
Finally, review the bids and choose the best one. Pay half up front and the final half at the completion of the job. Sometimes you can pay a third at award. A third at beginning of production and a third at completion of installation.
The wrong way. "I know a guy who can built a statue for $25,000."
The right way. The three bid process.
Identify three possible contractors. This is easily done on the internet and you can look at their previous work.
Send the same parameters to each bidder. For example, We want a seven-foot tall, bronze statue to stand on three foot circular base based on enclosed/attached photograph of Jim Calhoun. The statue will be placed outside and must be withstand the elements. Please include installation in the bid. Bids are expected by September 30th 2012 with installation in March 2013. Our price range is $20,000 to $30,000. The bid specs should be more involved (and real) but this gives an idea.
Finally, review the bids and choose the best one. Pay half up front and the final half at the completion of the job. Sometimes you can pay a third at award. A third at beginning of production and a third at completion of installation.