BUDGET

Why two quotations can be far apart

Two contractors can both be honest and still arrive at very different totals because they are not pricing the same scope, allowances, risk or level of detail.

About 7 minutes

Start below the bottom line

A quotation is only comparable when the inclusions, quantities, specifications and assumptions are comparable.

A lower total may exclude electrical points, protection, hacking, waterproofing, stone, sanitary ware installation, authority fees, PE works, temporary works, painting preparation, cleaning or defect rectification.

What to check line by line

AreaQuestions worth asking
DemolitionWhat exactly is removed? Disposal included? Protection included?
ElectricalHow many points? New wiring or extensions? DB works? Decorative fittings excluded?
Wet worksWaterproofing system? Screed? Tile allowance? Large-format installation?
CarpentryHow many linear feet? What board, finish, hardware and internals?
PaintingHow much surface preparation? Existing defects made good?
Project managementWho coordinates trades, drawings, inspections and defects?

Allowances can hide big differences

A quotation may include tiles at one allowance and another may assume a very different material level. The same applies to stone, sanitary fittings, hardware, lighting and appliances.

Compare like with like.A $20,000 difference can disappear quickly if one quote has realistic allowances and the other pushes major items outside the contract.

Price also reflects risk

Existing-home renovations contain uncertainty. Concealed services, uneven walls, old waterproofing and undocumented alterations are only discovered when work starts. A good quotation should explain how these unknowns will be handled rather than pretending they cannot exist.

The goal is not the longest quotation. It is a scope clear enough that the owner knows what is being bought.

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