Architecture / June 16, 2018 /
The relationship of quality to cost is often expressed in the saying that you get what you pay for. Cost is a critical factor in most building projects and some clients will seek a low price. Low price and maximum price competition, however, often have negative impacts on quality standards and achieving best value for money overall. In the current economic climate below cost tendering has heightened the risk of contractor insolvency and it may be difficult and expensive to obtain protection from this risk. Unrealistic and inadequate budgets often lead to projects becoming finance driven where cheaper options are preferred to better or more sustainable alternatives. Certain clients may have fixed budgets which may not be exceeded in any circumstances. In such circumstances the client will expect the quantity surveyor to maintain rigorous cost control during the project in order to deliver the project within budget. Designing to achieve such cost limits might curtail the introduction of beneficial features and or variations which may result in excessive running and maintenance costs later on.
When considering building a new home, completely redesigning or doing a major addition on an existing home, the reality is there is a certain amount of money budgeted for the project. With a finite amount of money, if you were to only focus on the size of the house, the quality would suffer. The same is true of the inverse–using all of the best finishes and choosing high-end materials to enhance the quality of the home will necessitate a smaller-sized home. You must have a balance between size and quality. This relationship is not always obvious at first, but I have found that by talking with my clients about making smart choices and decisions, they can achieve a balance between size and quality and achieve their dream home.