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Thats the other way of thinking about it... and I flip between the two.
I dont plan on trying to beat price down, I want it down well, in a realistic time frame, I have had rushed jobs done for cheap before and while 100's are saved you live with the results forever. If I can't afford it I won't get it done, rather than squeeze and skimp.
But to @bq s point, if you estimate X and the reality is X x 4 you did your job badly from the offset and the bad job now runs the risk of having an impact on anything else planned.
@Howard I wouldn't want to pay a bonus for something being done by a certain time, I want a job quoted, estimated and done well.
chrisbmx116
Howard
I would be interested to know how people would enforce this. I work in an architects office and the amount of hassle they have dealing with contract over runs is amazing, and this is in a chain where (theoretically) every single contractors roles and responsibilities are laid out. Any change in spec from the client, or delay in materials being delivered etc. will be argued as a reason for late completion by the contractors. The architects always tell clients, an overrun is annoying right now, but in 9 months you'll have forgotten about it, and you'll be happy with the quality finish from doing it right. Trying to enforce a timescale is going to lead to cut corners etc., and someone else is always to blame.
I just don't see it working in a small scale project, and would be worried that it will flag you as a problem client which will scare off any good contractors.
Disclaimer: I'm not an architect nor a property owner