HOW DO RENOVATORS PRICE IT? Some renovators BEFORE may give you a fixed price, which includes all materials, labour, equipment fees contingencies, overhead, and profit. Other renovators might use a “cost-plus” method for contracts. This For more information visit the local RenoMark website @ means you pay the contractor for the cost of labour, materials, http://www.renomark.ca/edmontonregion. When it comes to equipment and a percentage for overhead and profit. Costchoosing a renovation professional, you can rest assured that plus contracts leave costs open-ended, so it is best to set a RenoMark will help you choose from the industry’s best. limit so costs don’t get out of hand. Another option is the design/build contract where the renovator designs and carries *Resources included: Canadian Homebuilders Association “The Get it in Writing Handbook” and RenoMark Website out the whole project. Depending on the company they may either use a fixed price or cost-plus contract, within a set limit. RENOMARK EDMONTON – Be sure to know these things about your renovator and WWW.RENOMARK.CA discuss what is best for your project and budget. Look for The program identifies those renovation a fair price and factor in the complexity of the job, the skill contractors who have agreed to CHBA – Edmonton Region’s code of ethics, as well as level required by the renovation team; and intangibles like a renovation-specific code of conduct, they reputation, willingness to make suggestions, offer advice, provide warranties, understand the value of and stand behind their work. A reputable renovator will always customer service, and continually educate themselves regarding current trends, give you the contract in writing. Choose the renovator you feel materials and regulations. will give you the best overall value.
MAY - JUN 2014 HOME DÉCOR AND RENOVATIONS 29