By: Shane Curran, CEO Interact Group
In today’s business environments, remaining competitive correlates with providing best value services to the client which in turn trickles down to the end user. In the world of contracting, the story isn’t different. When selecting a contractor for a project in the Design and Construction fields, two of the key factors to look out for is price and quality. The relationship between these two is critical in providing the best value to the client.
Pricing considers the unit and total cost of materials, equipment, approvals, workmanship and general operating requirements of the project. The process of budget estimation covers this and a budget of the client may be used to determine the entire what goes into pricing. Availability of funds is necessary for the success of any project as it eventually determines the time of the project delivery.
Quality standards for every project should be held high by the Contractor and Project Owner because an end result of a sub-standard project defeats the whole purpose of value. Quality should be ensured in the processes of procurement, workmanship standards, health, safety and technical standards, and the overall operations management of the project. Conforming to quality standards is vital in all areas of the planning, design and contract documentation. Quality requirements should be clear, it should also be verifiable and communicated to both parties from the beginning stage of the project to delivery.
Price and quality go hand in hand to determine the outcome of each project. An overpriced project where low-quality standards are practised would result in sub-standard project delivery, which would lead to discontent and affect reputation. Eventually, this would garner a poor reputation for the contracting company and damage its standing in the market. If there are monetary constraints in for a project, then quality is likely to suffer.
To minimise cost and ensure quality, the following tips should be considered:
· Hiring the services of a contractor who understands the business and leaves no room for quality to be engaged in any part of the process.
· A contracting company that engages the services of highly skilled and professional staff who follow through the entire process from the initial stage till delivery of the project.
· The contracting company must be able to forecast any architectural and engineering plan and specification changes likely to occur during the process and make provision for them within the budget.
· Create a clear communication channel from enquiry, negotiation, estimation, design, operations till delivery to ensure that both the Contractor and Project Owner are on the same page all the time. This prevents unnecessary finger pointing and potential wastage of resources at any stage in the lifespan of the project.
It is important to find a company, a partner who understands your needs and works within a budget to achieve them. A good contracting company is one which can strike the balance between price and quality, and would not compromise one for the other. That company should be able to work within a realistic budget provided by the Project Owner to meet a certain level measure of quality to ensure success in the delivery process.
Interact Group is Dubai’s leading Interior and Fit Out company specialised in the F & B sector. At Interact Group, we are passionate about our business and have grown a team of positive and highly motivated professional staff. We strive to offer our clients the best possible experience and pay attention to their every need. We are driven to deliver projects on time, within budget and to ensure every detail is catered for. Get in touch with us at firstname.lastname@example.org, and for more information visit www.interactgroupintl.com