1. Insufficient Details in the Quote
2. Significantly Lower Quotes Than Competitor
3. Incomplete or Inconsistent Quotes
4. Lack of Contractual Information
A professional quote should include contractual information such as a description of the work to be done, payment terms, and the expected completion date. If the quote doesn’t contain this information, it may be a sign that the builder is not committed to following through on the project.
5. No Mention of Building Permits or Inspections
6. Limited Warranty or Guarantee
A builder should stand behind their work and provide a warranty or guarantee. If the quote doesn’t include a warranty or guarantee, it may be a sign that the builder is not confident in their work or doesn’t plan to be accountable for any issues that may arise.
7. Payment Terms That Are Too Favourable for the Builder
Payment terms that are too favourable to the builder can be a warning sign. For example, if the builder requests a large upfront payment or doesn’t specify when payments are due, it may be a sign that the builder is not financially stable or is planning to abandon the project before completion.
Protect Your Construction Project: Request and Compare Builder Quotes Effectively
Being aware of the warning signs in builder quotes is crucial to avoiding legal and financial troubles in your construction project. Always scrutinise the details and ask questions before signing any contracts. As a construction lawyer in NSW with over 10 years of experience,
I strongly recommend that homeowners use our Request and Compare Builder Quotes Checklist to ensure they are getting accurate and sufficient information from their builders. By doing so, they can make informed decisions and protect their interests. Don’t leave your construction project to chance, download our checklist today.
