The Risks Associated with Favorable Price Offers
Every client wants to receive construction services at the highest possible quality and the most reasonable price. This is completely understandable, but often clients focus primarily on finding the cheapest price and forget that cheap prices come with significant risks.
How does price inquiry usually happen? When selecting a construction partner, the client requests a price quote based on a standard project and expects that the received price quote includes everything necessary so that the desired house can be completely built and it will be possible to move in.
In practice, however, some construction companies' work ethics are such that the initial price quote is given to the client at a very low price. The client, who has not previously dealt with construction matters, chooses the contractor primarily based on price. The client looks at the presented price quote and it seems to them that all the main items are nicely included in the quote and they trust the builder that the house can be completed with such a budget.
The result is a situation where shortly after the project is launched, it becomes clear during the work that the quote does not actually reflect several important jobs, or the quote contains materials or products unsuitable for the client, and additional costs start to arise.
By the time such additional costs become known to the client, the client is already somewhat in a bind – they have started construction work with the chosen builder and must choose whether to abandon that builder or pay extra. Most often, because of the client's planned and tight schedule, they are forced to order the missing work additionally, and consequently the price of the construction service keeps growing and growing.
As a result, a contract concluded based on an originally cheap price quote can often end up being more expensive than the originally considered alternative higher-priced quotes. Therefore, every client should especially invest time at the price quote stage in reviewing and evaluating the quotes to ensure that everything necessary is indeed included in the quote.
Every client should be especially careful with firms offering very low prices, because the cheap price ultimately turns out to be significantly more expensive, and in addition, cooperation between the client and the builder becomes very stressful and unpleasant.
Choose a price quote that is clear about what it contains and allows the house to be completed as a whole.
Article author: finnlog.ee
