Don't be faced with unexpected additional home building project costs
When you receive prices from your contractors it's important to check their prices. A couple of weeks ago we discussed important considerations when checking your contractor's price.
It’s important to check what each contractor has included or excluded in their price. A contractor may be cheaper than another’s price because they haven’t priced all items included in the other price. Check whether these items are included:
Some contractors can include unreasonable provisional sums and prime cost items (which I'll discuss in future articles) which are far too low, meaning that their price will inevitably increase before your home is complete.
Of course, some contractors may have included for items which you don't want, or perhaps you intend to do the work your self, or employ another contractor to do the work. Don't pay for items that you don't want or need. Ask the contractor to exclude the items you don't want and adjust their price down accordingly.
Remember your builder's price might not be the bargain you think it is. Don't be caught by surprise when you receive bills for items that you thought were included in the contractor's price - items which may have been included in other contractors' prices.
This is an extract from my new book 'An Introduction to Building and Renovating Houses: Volume 1 Hiring Contractors, Managing Construction and Finishing Your Home' which also contains lots more valuable information to save you money and ensure that your home build or renovation project is a success. Click on the image to read a preview on Amazon. The book is available in paper or ebook form from Amazon and other online stores, or ask your local bookstore to order a copy for you. For tips on designing your new house as well as renovation ideas read Volume 2 - Finding Your Ideal Property and Designing Your Dream Home
© 2019 This article is not to be reproduced for commercial purposes without written permission from the author.
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I’m a construction professional, author of several successful construction management books, and a home owner. I’ve made mistakes in construction management, I’ve seen others make mistakes, but importantly I’ve had multiple successful construction projects and I’ve learned from the mistakes. I want to share these lessons and my knowledge with you.
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and 'An Introduction to Building Houses - Volume 2 Finding Your Ideal Property and Designing Your Dream Home'
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