You may be familiar with the term Bidding After The Fact (BATF) if you work as a property preservation vendor or contractor. No issue, if you've never heard of it and don't know much about it, I believe this post will be useful
What Is BATF?
Bidding after the fact (BATF) is a need to remedy any emergent issues discovered during the inspection process. After the fact, make a bid. Some clients prefer that you complete the work first and then bill them later. This is referred to as Bid After The Fact (BATF)
BATF is, by definition, bidding after the fact.
Normally, you place damage bids and then wait for approval. However, if you discovered anything that needed to be addressed urgently during your visit to a property for any work order and you did the job. You'd want to get paid right now. All you have to do is notify the vendor representative of the occurrence and make a bid marked BATF. In addition, prepare the invoice for the work done
Earn More Money By BATF?
This is a fantastic opportunity for you to increase the profitability of the Initial Secure Work Order, but be sure your report and images can support the amount you're billing. While performing an initial visit to the property, many vendors are unconcerned about some minor profitable work.
For Example
- Cover the dryer vent/cap the dryer vent
- Water lines are being capped.
- Shrubs and vines should be pruned. Having a negative impact on the property
BATF Considerations
If you do not take action as required and additional degradation or a citation occurs as a result of your failure to complete the task, you may be held responsible for repairs or financial penalties.
- Provide a bid (Cost Estimate) that includes the same information as the invoice, including all specifics such as quantity, description, and dimension, and level the item as BATF.
- Invoice (Cost Estimate) for completed work and label the item BATF. A CE will be produced to explain the price if the bid goes outside of the allowable range.
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