Why you shouldn’t choose the cheapest builder or contractors bid
Let’s talk about just how costly it can be to be tempted by the lowest cost! We have all heard the age old saying of ‘You get what you pay for!’ But there is a reason this is still said so often. Whether this applies to a shirt you buy for $10 instead of $20 that instantly shrinks in the wash or an appliance that breaks after a few uses because you bought it at the cheap department store instead of paying the extra for an upgraded version with extra warranty. The same applies to building a home!
A variation in price will lead to variations in quality. The average home build contains a number of components from bricks to tiles, taps, timber and most importantly the quality of workmanship. The way in which these components are assembled is so important. In choosing a cheaper option it is likely that there may be a lack of attention to detail, of genuine care for the clients and a lack of time allocated to the construction – meaning quick finishes and rushed decisions that turn your decision to go for the lower cost into an expensive one.
A professional builder will design your new dream home in-line with your budget and will help you to discover what is realistically achievable within it. If you are to choose a builder based solely on the cost per square meter, not only do you waste your time on comparing builders but more often than not variations will come into play, as well as the all too commonly seen errors in workmanship and time line blowouts that only add to your cost when it is already too late to back track. Variations in cost can be driven from many factors from house design and shape, soil type, foundation costs and the inclusions you choose for your home.
Avoid being misled by comparing and choosing the cheapest cost option. Find a builder that is transparent and openly communicates with you in regards to your budget needs throughout the entire process. The extra bit you pay now will not only save on your time and stress levels – but you will be thankful later when your dream home has been built and is made up of all the right components to be your forever home.
In the construction world, where budgets often dictate decisions, the allure of selecting the lowest bidder can be powerful. After all, the promise of cost savings appeals to any project owner. However, the adage "you get what you pay for" is relevant to the construction industry. Choosing the lowest bidder is a prudent financial decision upfront. However, it can lead to many challenges, including compromised quality, extended timelines, and potential legal complications. This article highlights why the lowest bidder isn't always the best choice for project owners seeking sustainable and successful construction outcomes.
Quality Assurance:
Construction projects demand a high level of craftsmanship and adherence to quality standards. Opting for the lowest bidder often means the contractor may cut corners on materials, labor, or both to meet the budget constraints. This compromise on quality can lead to structural issues, safety concerns, and the need for costly repairs down the line. In construction, prioritizing quality over cost is crucial for the long-term durability and success of the project.
Hidden Costs:
While the initial bid may be lower, selecting the cheapest contractor can result in hidden costs that emerge during the construction process. These costs may arise from change orders, delays, or unforeseen challenges that the lowest bidder did not adequately account for in their bid. Owners may face additional expenses that negate perceived savings and disrupt project timelines.
Timely Completion:
Construction delays can domino effect project timelines, impacting subsequent phases and causing financial repercussions. Contractors who submit the lowest bids may lack the resources or experience to manage the project efficiently. Construction delays affect the owner and other stakeholders, including subcontractors, suppliers, and end-users. It is essential to consider a contractor's record of accomplishment for completing projects on time and within budget
Risk of Litigation:
Low bids may be enticing, but they can also indicate contractors willing to cut corners to secure a project. This increases the risk of legal disputes, as contractors may later claim that the agreed-upon budget was insufficient for the scope of work. Resolving these disputes can be time-consuming and costly, resulting in a project being over budget and beyond the scheduled completion date.
Reputation and Experience:
Choosing a contractor solely based on the lowest bid without considering their reputation and experience can be a gamble. Seasoned contractors with a solid track record may not be the cheapest option. However, they bring valuable expertise, reliability, and a history of successful project delivery. Investing in a reputable contractor can contribute to a smoother construction process, better quality outcomes, and enhanced stakeholder satisfaction.
Conclusion
While budget considerations are undeniably significant in construction projects, owners must recognize that the lowest bidder might not always be the best choice. A comprehensive evaluation of a contractor's qualifications, experience, and commitment to quality should take precedence in the decision-making process. Prioritizing value over the initial cost can lead to a more successful project outcome, with fewer risks, higher quality, and greater satisfaction for all stakeholders involved.
About Dunbar's Electric
With 38 years of experience, Dunbar's Electric understands the challenges of industries requiring strict compliance and adherence to regulations,
Dunbar's Electric prioritizes innovation and cutting-edge project management practices, alongside extensive experience and adaptability. Their commitment is to industry trends, latest technologies, and best practices for efficient, cost-effective solutions benefiting partners with successful outcomes and long-term value.