When you’ve chosen to build your home in Barbados or have some construction work on your current property, the first step is to compare quotes from building and construction companies. But how do you know which one to choose and what to look for in a quote? How do you know if you’re getting the best quality for the best price?
We’ve put together this handy guide to help you:
Know the difference between ‘estimates’ and ‘quotes’
An estimate differs significantly from a detailed quote, which should always be written rather than verbal.
An estimate is an educated guess at how much a project will cost to complete and does not include the finer details of the job. Therefore, it is non-binding, and the project’s final cost may be much higher.
A quote details every aspect of a project. It is also an agreed-upon price for the job, as long as the specifications remain the same. Therefore, a quote has the advantage of providing a considerably more accurate breakdown of the job and cost than an estimate.
If you provide as much information about your project, the quote will be accurate. Be specific about what you want and expect and who will be responsible for what, expected timelines, planning permission details, and any concerns.
Obtain detailed blueprints and drawings
If you want a complete and comprehensive quote, you’ll need to provide detailed plans/drawings for your project, including calculations and measurements. Every builder will need these specifics to plan and cost your project. You can hire an architect or a home designer to draw up plans for you.
At Berkan Construction, we can introduce you to some of the best designers and architects on the island who will make these plans with you based on your requirements.
To ensure that you can compare prices on a like-for-like basis, make sure you submit the identical facts to each builder you call for a quote.
It takes time to create detailed quotes
It’s critical to cultivate a positive relationship with your builder. Realising that things take time to do right will help you get started on the right foot. And it is something that we focus on here at Berkan.
A text message or quick email is not sufficient to provide a complete and thorough quote. Instead, allow enough time for your builder to plan and price your project, which can take several weeks to complete.
Remember, a complete quote will help you better grasp your project’s requirements and will lower the chance of unexpected costs.
Requesting too many quotes is a bad idea
It is prudent to obtain a maximum of three quotes for the work. However, receiving more than three can be counterproductive and inefficient.
Moreover, some builders may be hesitant to quote for tenders where more than four companies are competing due to the time commitment necessary in generating a detailed proposal. Therefore, before approaching companies for a quote, make sure you’ve narrowed down your shortlist and done your homework.
At Berkan Construction, we are happy to provide testimonials from clients and show examples of our work.
Don’t focus solely on the bottom line
Of course, price is crucial, and for many people considering hiring a builder, it is a deciding factor.
As such, it’s critical to be honest with the builder about your budget from the start. It’s pointless for a builder to quote for a job if they know they won’t be able to complete it within your budget.
Quality builders like the Berkan Construction team should tell you if your budget is sufficient for the work you want and the level of quality you want. Ask about payment terms and timelines, too, as this could impact your decision.
While it’s easy to compare estimates solely based on price, be wary of going with the cheapest option. Check to see if each quote covers everything you require and a clear breakdown of what is included and, more importantly, what is not.
It is a good idea to question quotes that appear too low. Unfortunately, when something seems too good to be true, it almost always is.
To arrange a quote for your construction project or chat about your plans, then contact the Berkan Construction team on Tel/WhatsApp: +1 246 243 0958 or email: info@berkanconstruction.com.
Source: Federation of Master Builders
