In addition to ACT Government fees, there are costs associated with your build, purchase or renovation.
Be sure you understand which costs are and are not included in your contract.
For building and construction services, before requesting a quote from someone you are thinking of hiring:
- check to see if they charge for a quote
- check to see that they are qualified to provide the service
- be specific about the fittings, appliances and floor coverings you want so you get a more accurate quote
- provide completed plans or specifications, if possible
It’s a good idea to get a least three written quotes before you decide who to hire.
Note, there is a difference between a quote and an estimate.
An estimate is a reasonable assumption of the costs involved without knowledge of the exact extent of the work to be done or the exact costs of materials. An estimate, even if written, will not bind the person providing it to you and you can end up paying more or paying for work you didn't specifically authorise.
A quote is a legally enforceable document detailing all the work to be done and parts or materials to be used. It should have a time limit for which the quote is valid. The quote should always be fixed and state how long it is fixed for. Quotes that are based on an hourly rate plus costs do not guarantee a set price.
If you change your mind on what you want, write a list of the changes or have the plans re-drawn and ask for a re-quote.
Prime cost and provisional sum items
Prime cost items
Prime cost items are those items that you may not have selected at the time of the contract. The contract sum includes an amount of money estimated for the purchase of the items. This allowance should be a reasonable estimate for a standard or average item. If you choose a more expensive item, you will have to pay the difference in price.
Prime cost items can include:
- bathroom fittings
- light fittings
Prime cost items should be specified in the contract or listed in an attachment to the contract.
To avoid disputes and additional costs at the end of your contract, it is a good idea to keep the number of prime cost items small and select other items upfront so you know the actual cost before the work starts.
A provisional sum is an amount of money included in the contract sum to cover work or materials where the extent needed cannot be specifically detailed when entering a contract. Typically, this may include sitework costs, which may cover unforeseen circumstances such as rocks and materials in the earth that could not be reasonably detected before work starts.
Find out about:
- building contracts
- building certification
- calculating the cost of works for building fees in the Building Cost Guide
- land rates, duties and schemes
Contact us for more information.