How to Read and Compare Renovation Quotations Like a Pro

Decoding Renovation Quotations What a Good Quotation Should Include • Itemized breakdown – Every work item listed separately • Material specifications – Brand, model, dimensions • Labour costs – Clearly stated, not hidden in material costs • Timeline – Start date, milestones, completion date • Payment schedule – When each payment is due • Warranty terms – What is covered and for how long Red Flags in Quotations • Lump sum pricing without breakdown • Provisional sums for major items • No material brands specified – for example just "tiles" instead of "300x300mm Niro Granite porcelain tiles" • 100% upfront payment requested • No warranty mentioned How to Compare Quotations Step 1: Create a spreadsheet with all line items Step 2: Normalize to the same scope (some quotes include items others don't) Step 3: Compare material grades – a $5/sqft tile vs $15/sqft tile explains price differences Step 4: Check what is excluded (hacking debris disposal, painting, etc.) Step 5: Factor in the contractor's track record and reviews Typical Payment Schedule • 10% – Upon contract signing • 25% – After demolition and hacking • 25% – After carpentry installation • 25% – After tiling and painting • 15% – Upon handover and satisfaction --- Pro Tip: Never pay more than 50% before carpentry is installed. This protects you if the contractor defaults.