Deciphering builders quotes can feel like you’re reading a document written in another language, especially when you’re comparing apples with oranges.
The key is making sure you understand all the jargon in the quote. Don’t be to be too proud or shy to ask if you do not understand what something means. If you still do not understand it, ask again.
Ideally you should aim to obtain quotes from at least three different builders, from there you can compare the inclusions and exclusions against one another.
This is where the process can get tricky. Make sure you understand exactly what is included and excluded from each quote. Don’t assume that because one builder has included something that the others will too. This may require you to go back to the builders to ask/clarify their allowances etc. Be sure to confirm everything in writing.
TIP: Always be wary of accepting the cheapest quote without significantly reviewing and questioning the inclusions/exclusions.
What should the quote incorporate?
• Details of the property.
• List of all drawings and documentation against which their price is based.
• Detailed list of inclusions and exclusions.
• List of any clarifications i.e. explanation of any items that may be open to misinterpretation.
• Provisional Sum allowances should be noted for all items which the architect/designer has specifically nominated.
• Prime Cost allowances should be noted for any items which the builder has identified.
• Outline of the duration of the works.