HDB renovation: Spotting budget padding in contractor proposals (pitfalls)

HDB renovation: Spotting budget padding in contractor proposals (pitfalls)

Frequently Asked Questions

Research the average prices of materials like tiles, paint, and flooring online or at local hardware stores to compare against the contractors quoted prices.
Look out for charges like project management fees, site clearing fees, or variations in material costs that are not clearly defined or justified.
Get multiple quotes from different contractors and compare their labor costs for similar tasks to identify any significant discrepancies.
Seek a second opinion from another contractor or a professional renovation consultant to review the proposed scope of work and identify any unnecessary items.
Discuss the potential risks and challenges with your contractor and agree on a reasonable contingency allowance, typically around 5-10% of the total project cost.
Review your contract for clauses related to variations and dispute resolution, and consider seeking legal advice if you believe you have been overcharged.