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Founded in 1995 by Angie Hicks and William S. Oesterle, it allows users to search for contractors to provide paid home improvement work. The service was originally developed as a database of reviews for local services. Angie's List was a subscription-based service for most of its existence, but shifted to a freemium model in July 2016.
Yelp became a public company via an initial public offering in March 2012 and became profitable for the first time two years later. [3] [4] As of December 31, 2023, approximately 287 million reviews have been contributed to Yelp. In 2023, the company had over 36 million desktop unique visitors and over 60 million mobile web unique visitors.
Contractor rating systems, also known as contractor prequalifications, are one of the larger cost-saving practices available and more routinely applied by governmental organizations as a means of avoiding the high cost and inflated pricing that results from reduced competition on public work by using bonding and surety to guarantee performance of public work.
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