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Howick and Pakuranga Times : Howick and Pakuranga Times Thursday January 26
www.times.co.nz Howick and Pakuranga Times, Thursday, January 26, 2017 — 17 OUR HOMES TODAY Supply and installation of: • Aluminium windows and doors • Conservatories and roof lites We can find something to suit you and your home 68 Rodney Street, Howick • www.aliframe.co.nz • 0800 ALIFRAME (0800 254 372) INSTALLERS OF RENOVATION SPECIALISTS JH11298 ELLIOTSTGIBRALTARSTRODNEYSTVINCENTSTUNIONSTWELLINGTONSTMOORESTCOOKSTRODNEYSTMOOREST CHAIRS $65 inc GST STOOLS From $35 inc GST www.braycostainless.co.nz Call Chrissy 09 271-5000 or visit our warehouse 6C Lorien Place, East Tamaki CP0940-V5 TABLES From $75 inc GST CLEARANCE SALE Limited Stock • Must Go! Jennian Homes CBD & East Auckland 59B Sir William Avenue, East Tamaki P 09 918 9078 E firstname.lastname@example.org jennian.co.nz Beachlands House and Land Package $1,055,000 Would you like to be in a gorgeous new Jennian home by next Christmas? • Finance available • Low deposit for approved buyer • Title issued—can start immediately • Contact us for floorplan—other plan options also available Contact our New Home Consultant for more information or for an informal chat to disscuss your needs. Toni Dickson M 021 0253 1297 E email@example.com KC12165 People building or reno- vating a home could save thousands of dollars – and lots of stress – by retaining a Registered Quantity Surveyor to manage the budget. Most people who build or renovate a house are making a significant financial commit- ment but very few have any sort of structured cost man- agement process in place. As such, they are taking sig- nificant and unnecessary risks with what is often a very large sum of money and, often, they end up paying far more than they should. Using a Registered Quan- tity Surveyor can prevent budget blowouts because they provide an independent and specialised review of the real build costs. This is par- ticularly important during the design and ideas phase where changes can significantly alter budget projections. A quantity surveyor lists and estimates the cost of each material involved in the reno- vation or build, from site prep- aration and foundations to the deck and other external works. “Property developers in the commercial sector use quan- tity surveyors and know it is a wise investment in terms of accurately estimating and managing project costs,” says NZ Institute of Quantity Sur- veyors president, Jeremy Shearer. “A good quantity surveyor will be just as valuable on a residential project where budget blowouts do occur fre- quently – and very easily - and the results can be really prob- lematic for the home owner.” Unfortunately, Shearer says, most homeowners don’t understand the value a quan- tity surveyor can offer. Most people believe a builder will provide an estimate of the build cost; in other words, you only pay for what you get, so investing in an independ- ent estimate of building costs seems pointless. But invest- ing in this process upfront can alleviate stress levels, and save time and money in the long run. By assessing a builder’s bid for a project, called a ten- der analysis, a quantity sur- veyor can help people through the process of comparing all tenders, and help people avoid paying too much for a project. Also, quantity surveyors can negotiate with a chosen con- tractor on a client’s behalf. “The analysis provides peo- ple with a useful and inde- pendent benchmark when choosing the right person for the job,” says Shearer. “We offer advice on suit- able tender processes, and which contracts are most suited to a particular situa- tion. Not only does this help the property owner but it also alleviates stress, especially when some builders may have excluded detailed costs in their responses.” A quantity surveyor can also reduce risk and anxiety by pre- paring a report that highlights what is being paid for or why (a progress claim report). This report ascertains if the right amount of materials and labour is being charged for, that nothing is being claimed for twice, and that payments are made for what has been completed on site. For large renovations and build projects, builders are paid in stages. To ensure account- ability, quantity surveyors act as a project’s accountant, and perform checks on work done to date and ensure any pro- gress payments are correct and fair. Just as importantly, they can produce variation control reports. These are useful when a homeowner changes aspects of the design, when materi- als need to be substituted or when additional repair works are needed. A simple varia- tions clause in the contract, specifying that any changes to the original design must be in writing, ensures that contrac- tual terms are not varied acci- dentally or informally. Shearer says the residential sector can take a less formal approach to the cost manage- ment processes. “Problems begin to develop, and the first variation of the bill appears to cost a large sum. A client will then see a quantity surveyor with expert knowl- edge of construction costs, and may be told the overall value of control: A quantity surveyor can also reduce risk and anxiety by preparing a report that highlights what is being paid for or why. Photo surveyorsjournal.ie What’s a quantity surveyor’s value? the work will be far greater than the original quote.” Shearer has seen countless exam- ples of variations materialising after the bid for a project – a builder esti- mates one sum, but it snowballs into a larger amount. He says there may be a lack of discipline behind how some residential builders present a final contract price, and therefore the risk passes to the homeowner and cre- ates an unpleasant surprise late in the construction process. It’s not just price management either; problems can arise from using materials that are not as per the drawings and specification. Furthermore, the building work may not be to the required standard, and is possibly not in keeping with the engineering specifications. Addi- tionally, the building may fail to meet recommendations/details supplied with products. “The issue in the residential sector is that homeowners are often inexpe- rienced in the construction process and are too embarrassed to admit to the issues as they believe the builder and sub-contractors will do right by them.” Nigel Emmitt, MNZIQS, an expert in preparing budget estimates, says a small investment in a budget cost analysis could potentially save a homeowner thousands of dollars.
Howick and Pakuranga Times Thursday January 19
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