HOW TO VET A CONTRACTOR
Generally speaking, Construction is like any other business in that prices reflect the general market conditions of supply and demand and wherein cheap is always and ultimately - expensive. A price is paid whether is is purely monetary or with your time and inconvenience or with added costs and aggravation of repairs. Vet carefully and considerately and take into all of the following factors:
Setting aside the dream momentarily and allow room for practicalities, like researching and partnering with a Contractor suitable to the projects Budget, Time Restrictions and Personality.
Regardless of the size or reputation of the Contractor, we encourage you to request:
* VAT, NIS, PAYE Clearances
* Proof of Insurance
* Bank References
* Client References
TYPES OF CONTRACTORS
MAN WITH A VAN
A one man show so to speak.
What you get: Lower-cost as overheads are minimal
What you give up: Generally projects tend to run overtime due to lack of time by the owner to manage all and the need to spread resources over many jobs; Costs can also run over as they may not be foreseen properly; Most larger companies have gone through this period of time of being small and making mistakes.
Where this suits: Where the end client is good with numbers and has time to help source materials, push the schedule and knowledge to inspect finishes.
Considerations: Will there be a cost borne by you, tangible or not (such as rent, interest charges, or a missed Christmas) if the project is delayed. Will you be present or located overseas for the duration of the project?
Ideal Situations: Renovations/Smaller homes of Bds $400 and under
MID-SIZE BUILDER
The Builder has people employed to procure materials and handle accounting and administrative details. At this stage they will own some of their own equipment, but is small enough still for the owner to be directly involved in your project. It is helpful if the owner and architect have a relationship.
Visit recently completed works as well as works in progress and office to get a sense of logistical abilities. Enquire about longevity of the team who would be working on your project. Consider an engineer to perform checks and enquire about in-house inspections. A QS often gives the client a comfort factor as works begin to take off and big checks are being written. It is helpful if they represent both sides to provide an unbiased opinion so as not to exacerbate the contractor.
Considerations: Affordability
This size company is ideally suited to build 1-3 individual homes or 6 town-houses per year but not necessarily ready to take on larger buildings. If the home is US$5mn or above, be thorough in examining their logistical and planning processes.
LARGE COMPANIES
They have more manpower and equipment and are versed in the logistics of running large condo/apartment/office complexes.
They often employ in-house Quantity Surveyors & Engineers.
The contract should be reviewed thoroughly by your legal representative.
Considerations: Less personal attention for someone looking to build a home but essential for those larger endeavors