Is your condominium having trouble obtaining quotations from contractors? Are you struggling to implement projects on time and on budget? Taking a few simple steps can make it easier to hire contractors on time and for the right price.
Be first in line: Most contractors give their best pricing to their first projects of the year. Consider requesting quotations in the fall for work the following summer.
Place your order on time: Depending on the project, some manufacturers are quoting significant lead times for materials/equipment, particularly for complex components. Ask your engineer how far in advance materials/equipment need to be ordered and factor this into your schedule.
Don’t forget your design: Don’t forget to consider your engineer’s time in your schedule. Most projects will take time to design before you are ready to obtain quotations.
Avoid peak season pricing: Many contractors who also work at schools/universities in the summer months will be very busy from April to September. Offering contractors flexibility with construction start dates may yield better pricing.
Be efficient: Group work so that the project is large enough to motivate qualified contractors to bid. Grouping work cuts down on administrative costs, saves you and your property manager time, and saves money.
Although unexpected projects can arise from time to time, most condominiums have the benefit of knowing when a project is going to occur well in advance. Take proactive steps to engage your engineer and plan your projects well in advance can save you money and time.
Ryan Dougherty, P.Eng.