What is the first step to make sure your project is delivered on time and in budget?
That’s impossible if the initial estimation was wrong!
You don’t want to consider a quote that is too high, for obvious reasons. But a quote that is too low can be worse.
A quote that is too cheap means your builders might leave your project site as soon as they realise they cannot make profit out of it. In the best case scenario a cheap quote means the builders will cut corners to make ends meet.
Some tiny variables can make a huge difference in the final cost of your project. Find out some facts you have to consider to get your estimation right.
In Cyprus construction costs may vary between €900 and €1500 per square meter, even higher.
BUILDING MATERIAL COST VARIABILITY
Cost of materials can increase by up to 10% in one year.
A good estimate predicts likely surprises like contaminated soil or a deteriorated brick wall.
Rainy weather can double excavation time.
Missing or unclear specs impact the cost. For example, the price of bathroom tiles can vary from from €20 to €70 per sqm.
Human errors are inevitable like inaccurate window counting in a big building.
PREPARATION & PLANNING
For example, the schedule and budget need to consider the use of a crane if big windows cannot be moved inside a building.