How much would you pay for project management of renovation?

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This topic contains 5 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 2 months ago.

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  • #54340
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello….

    Probably should put this is the settling in forum but more people seem to read this one and I need advice quickly!

    If you were going to pay someone to oversee your renovation, how much would you expect to pay?

    This would involve everything from turning your ideas into quotes sourced from local builders, translation work, travel too and from site, regular reports back on progress by email, phone calls to chase builders etc, possibly sourcing materials and waiting around for deliveries…

    Would you expect to pay a set amount during the period of renovation or on an hourly basis + petrol as needs?

    Thank you everyone,

    Heather

  • #86437
    Profile photo of Anonymous
    Anonymous
    Participant

    On the rare occasions that I undertake this sort of work, I charge by the hour. There are always too many unknowns to do it any other way!

  • #86440
    Profile photo of Anonymous
    Anonymous
    Participant

    10% of the project cost. Ensure that the cost is all established to the last screw, otherwise it can get out of hand.

    Interim payment should be made on Architect certificate with retention of say 2% at all stage of payments. Make sure that the payments of later stages are the larger proportion of the cost. Project managers have the habit of abandoning the projects at this stage as a blackmail.

    No matter who you employ to deal with the project. Your involvement will be required at all times, irrespective of all that is in writing the interpretations are always different.

    Don’t forget the project manager will also get kick backs from suppliers which will be loaded onto you estimate.

    The above is a guideline and the situation can vary.

  • #86446
    Profile photo of Anonymous
    Anonymous
    Participant

    @shakeel wrote:

    Don’t forget the project manager will also get kick backs from suppliers which will be loaded onto you estimate.

    ❓ Er…never have, never would!

  • #86457
    Profile photo of Anonymous
    Anonymous
    Participant

    My response was in generic terms as all projects are different & much as all works manager are different.

    You cannot however deny that kick back are a normal part of life, Some call it commission. BAE arms deal with the Saudi is a good example.

    I have no problem with calling spade a spade.

  • #86460
    Profile photo of Anonymous
    Anonymous
    Participant

    Make sure you do everything legally – ie project – licences etc.

    many project managers and builders say don’t worry about this – particularly the ex-pat types – but times have changed.

    Town Halls are now very strict on what you can and cannot do and you need the correct licences.

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