In this episode, Northamptonshire builder Sege Rosella discusses the ins-and-outs of how to cost your new-build or extension project.
We talk budgets, cost overruns, project management, why it's worth paying more for a decent architect, and much more.
Key points:
00:00 – Are there any rules of thumb that apply when it comes to costing a residential construction project?
02:03 – Whose job is it to tell me what I can get for my budget?
06:58 – What are some of the biggest causes of unexpected costs in a construction project?
08:11 – It’s all about the quality and honesty of the project management
09:46 – Why it’s always worth paying your architect or architectural technician more money. (This was also touched upon by Sege in episode 1 of Ask A Builder)
10:10 – Making changes to the spec, and what a variation order system (VO) is
13:13 – Will a delay push up the cost of a project?
15:55 – How to pay your builder. Terms, schedules, JCT contracts, and negotiating the best deal