Accepting Contractor Bids- What Should I make sure to do?

I’ve gotten my three bids from well-referred contractors for my apt. gut reno. I have the scope of the job written out in detail by an architect who’s not overseeing the job. Is there anything I should require/think about/beware of before accepting one of the bids? Also, what are typical payment schedules? It’s a 45-65K job.

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