Milestone Costing

In most cases, project costs are critical and often handled by inexperienced builders. However, the role of quantity surveyors in this process is equally crucial. Their expertise can significantly mitigate the risks associated with less experienced professionals.

As you navigate the design-and-build process, it is essential to estimate costs at the early design concept stage. This can be challenging, as few builders are willing to provide pricing so early in the design phase. Therefore, it is important to find a building company that is both willing and experienced in estimating and incorporating various unknown costs.

The next costing milestone occurs once detailed drawings are completed, including input from the necessary engineers and consultants to prepare plans for council consent. Before submitting to the council, it is prudent to re-evaluate costs to ensure they remain consistent with the initial design concept pricing.

There are several advantages to early pricing strategies. Firstly, it helps identify a building company that aligns with your project and works well with you, fostering optimism and motivation through a reliable partnership. Secondly, it enables you to confirm your builder earlier, potentially avoiding the 6-10 week council processing period, thus saving significant time.

Back Costing

The back-costing process for completed projects is crucial for accurate estimating, yet it is often overlooked. Back-costing is particularly beneficial for building companies familiar with their specific team’s build costs. A builder experienced in high-end charge-up projects may work slower than one accustomed to milestones or build targets. If you have multiple builders on a site, these differences can add up quickly. Therefore, it is important to work with a company that knows its building rates and quality.

Costing Templates

Costing templates are a fantastic way to minimize human error and oversight. The more detailed the template, the better the chance of producing an accurate build price that includes both known materials and unknown variables. Allowances are used to include base pricing for items such as bathroom fixtures, taps, tiles, timber flooring, and other materials that have yet to be selected. These allowances are often used at the early pricing stage and tend to decrease as you progress through the pricing stages.

Builder Pricing vs, Quantity Surveyor Pricing

Having an experienced builder involved from the beginning, alongside the architect, can provide valuable insights into build methodology, cost savings, and can reduce the time spent revising designs and re-costing. Although high-level pricing is difficult at the early concept stage, the builder and architect can approximate costs and confirm whether project budgets are realistic. A quantity surveyor may not be able to provide this valuable information and benefit. Additionally, a builder can identify site-specific advantages or challenges, such as site access, soil conditions, power lines, existing house structure materials and condition, and local council requirements. Your selected builder will not only price your project but also build it.

If you need Your builder to act as a quantity surveyor and estimate your project, we would love to be part of it. We will not bind you into design-and-build contracts. Our belief is that if we guide you effectively through the estimation process, you will naturally want us to build your home too.

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