Reviewing the Estimates
After the estimates are completed, the adjuster must review and compare the estimates prepared by the contractors with the estimate written by the insured. The result of the adjuster’s work is called a “bid comparison.” The bid comparison is usually created on a spreadsheet so that the prices estimated by each contractor for each category of work listed on the scope may be compared.
The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.