5 Things To Take Note In Your Renovation Quote & Contract

Planning a renovation, as everyone knows, is both tedious yet wildly exciting at the same time. There are so many things to take note of and for first-timers, it could get a tad overwhelming. We know how confusing it can get while doing your renovation research so here's a non-exhaustive list of what you should look out for in the quotes and contract you get from contractors or interior designers.  

QUOTATION

 

A Break-down

Ask for a break-down of the amount that you were quoted so you'll know what you're paying for. This is also the opportunity for you to edit the quote according to your needs.

Scope of work

This is important because you'll want to know what kind of work is going to take place in your home. For example in painting, you'll want your ID/contractor to state how many colours you're entitled to, how many coats will be applied, brand of paint, how much is the top-up if you want more colours etc.

Materials & Dimensions

Granite for your kitchen counter-top? Top of the line bathroom tiles? A particular drawer system for your kitchen? How about the dimensions for the carpentry work? All these nitty gritty details should be stated on your quotation. This is to protect both parties so there will not be any undue misunderstandings later on. Don't forget to find out the additional charges should the dimensions change later during the project too, for changes DO and CAN happen in the middle of the project due to unforeseen circumstances.  

CONTRACT

 

Payment Terms

Avoid paying a lump sum before the project commences. Look at setting up a progressive schedule instead, because this will ensure that work on your home is completed in stages and you can pay your ID/contractor for every 'achievement' unlocked. After you've verified that everything has been done to your satisfaction, of course. If you're uncomfortable with the payment terms, you may want to negotiate with your ID/contractor to see if you can reach a compromise.

Project Manager

You've done your research and the quotation looks perfect. The ID/contractor also looks like someone you can entrust with your darling home. So now it's time to sign the contract, right? Wait just a minute! Before you sign on the dotted line, make sure that the person you liaised with will be the project manager of your renovation. There are some cases where another person was assigned to the renovation project instead so to avoid such a surprise, be sure to get your preferred ID/contractor's name stated clearly as the project manager on the contract itself. After reading the list, do you have any other tips of your own? Do share with us on our Facebook page!