Builder Selection Criteria
Whether you are renovating, building your own home or undertaking a multi-unit development project, selecting the right builder is integral to realising your plans and delivering an end product that meets your criteria.
Here is a list of items that should be carefully considered when selecting a builder for your next project.
Relevant project experience - have they delivered similar projects?
Capacity to deliver - how many projects are in their pipeline? What is their earliest commencement date?
Qualifications and experience of staff - who will be the project supervisor?
Financials - obtain a financial statement
Bankruptcy - has the builder or their subsidiaries ever been bankrupt?
Years of trading - how many years have they been in business?
Builder’s licence - is it up to date?
References - obtain builder’s feedback from previous clients / subcontractors / trades /suppliers
Insurance - are the correct insurance policies in place?
Type of building contract - what is the proposed type of building contract?
Restrictions - do they have any restrictions on the type of work they can deliver?
Proposed length of construction? What remedies are available if the builder fails to meet delivery deadlines?
Payment terms - per stage or monthly?
Occupational Health & Safety - Check their OH&S record
How long is the defect liability period?
Variations - how are variations dealt with?
At Slate Projects, we go through a rigorous vetting process when it comes to builder selection and ensure that the right builder is appointed to each project as it ultimately provides the foundation of a successful project in terms of construction quality, adherence to programmed delivery time-frames and value for money.