"One of the most common questions homeowners have when they want to carry out a self-build, renovation or extension is how to correctly estimate the project and keep costs down. In my opinion, it's now more important than ever to get a firm grip on your building budget from the start, since the costs of materials and labour may change over time."
"When there is a lot of uncertainty, a Bill of Quantities can provide clarity for individuals doing a major home renovation or self-build. It lowers the possibility of issues with builders, helps avoid unforeseen costs and enables you to compare comparable quotations throughout the tendering process. To put it briefly, it's a professional tool that gives your budget rigour and your build confidence."
A Bill of Quantities is a control document listing all quantities of materials and labour required to complete a building project. BQs translate quantities into units of cost so clients and builders can tender projects accurately and establish a contract sum. BQs serve as a valuation tool during construction to monitor costs and manage budgets. BQs reduce the likelihood of disputes, avoid unforeseen expenses, and assist in comparing like-for-like quotations during tendering. BQs are increasingly used for domestic projects such as extensions, loft conversions, and large self-builds. Early adoption of a BQ brings budget rigour and build confidence.
Read at www.homebuilding.co.uk
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