A homeowner's first steps can potentially lead them down an inefficient and costly path.
Construction QB can help homeowners avoid the following scenarios that unfortunately occur far too often with the traditional construction process.
Scenario One – Inaccurate and unrealistic budgeting
Our budget was $300K. Our architect drew the plans and submitted them for permit. We were ready to begin construction. Three contractors gave us bids. Two were time and material bids with an estimated cost of $400K, but they said that they couldn't give a firm number until
the project was well underway. The third contractor gave a fixed price
of $450K. We are not confident moving forward and may have to wait to
do a portion of our remodel. We don't know what to do. Should we take
out an additional loan? We are in shock.
Scenario Two - Inadequate pre-construction counseling and delayed schedule
Our general contractor needs us to make so many decisions. He needs us
to confirm our fixtures and their locations, cabinets, tile patterns,
and all finishes. There are endless options and decisions and there
isn’t enough time. Our project schedule is going to be pushed back
unless we make these decisions. This is so stressful.
Scenario Three - Unrealistic planning and budgeting
When construction began, we had allowances in our project bid. We are
mid-construction and are $75K over budget. Those allowances were
completely unrealistic. What should we do? Should we try to secure a
line of credit or use our savings to pay for the cost increases? How
did this happen?
During the current state of economic uncertainty, the need for
proactive planning and budgeting is more important than ever for
homeowners of any project size. Construction QB develops a detailed,
realistic budget and finish schedule during the preliminary design
phase. This helps reduce project risk and saves clients time, money
and stress. |