Browse Forums Building A New House 1 Jan 25, 2016 6:14 am Good morning everyone! My wife and I have just received a tender quote for a new home, and we spent a few hours last night going through with a fine toothed comb to identify what we finally wanted based on budget and more detailed investigation of upgrades. I was wondering whether you all enter some negotiation in the quoted price? Unlike the car forums I am on there is no "how much did you pay for your XXXX" thread. Is this a done thing or do we all take the price we are quoted? TIA. Sam Re: Negotiating Price on Tendered Quotation 2Jan 25, 2016 7:35 pm Hi, I'm interested to hear what others say but I would absolutely be negotiating on a building quote. I'm assuming this is a new home build not variation works on existing building contract. Have you competitively tendered and obtained multiple quotes for the build? I deal mostly with commercial stuff but equiv process can apply here: 1) competitively tender tour build project (& hopefully receive multiple quotes). 2) Review the quotes - then normalize prices based on scope & conditions YOU actually want (i.e. make sure you compare apples with apples). Typically this will require going back to builder for clarifications. 3) assess and short-list the quotes based on criteria of priority/importance to my you (price/schedule/professionalism/experience/references etc) down to the two best. 4) negotiate factually and firmly with short listed builder(s) to get the best terms/deal you can from them. 5) goes without saying but don't sign contracts without good legal advice upfront. Re: Negotiating Price on Tendered Quotation 3Jan 25, 2016 7:36 pm Hi, I'm interested to hear what others say but I would absolutely be negotiating on a building quote. I'm assuming this is a new home build not variation works on existing building contract. Have you competitively tendered and obtained multiple quotes for the build? I deal mostly with commercial stuff but equiv process can apply here: 1) competitively tender tour build project (& hopefully receive multiple quotes). 2) Review the quotes - then normalize prices based on scope & conditions YOU actually want (i.e. make sure you compare apples with apples). Typically this will require going back to builder for clarifications. 3) assess and short-list the quotes based on criteria of priority/importance to my you (price/schedule/professionalism/experience/references etc) down to the two best. 4) negotiate factually and firmly with short listed builder(s) to get the best terms/deal you can from them. 5) goes without saying but don't sign contracts without good legal advice upfront. Re: Negotiating Price on Tendered Quotation 4Jan 28, 2016 8:20 pm Thanks for the advice, much appreciated. I am engaging with a project builder for a specific house, so not in a competitive tender situation, am interested in anyone experience in their negotiation tactics and what I can effectively leverage? Just to makea point about this, an approach that some people have found sucessful in negotiating these rises down, Is to provide some workings to the builder, specifying… 4 82990 Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 20145 So AFAIk the outcomes of the BAL ratings form part of a clause that allows them to pass these costs on to you. However the more relevant detail is how did it go from 19… 1 11232 |