Rates and stage payments
What we charge per square metre, and when each payment falls due.
These are the rates we price from. They are not your quotation: your quotation comes from your drawings and states one fixed sum. But a builder who will not tell you his rates until he has seen inside your wallet is telling you something, so here they are.
Rates reviewed quarterly. Steel and cement move, and when they do the rate on this page moves with them, which is why a quotation holds for 30 days and not for a year.
What the rate covers, and what it does not.
The second list is the one that ruins budgets, so read it first.
In the rate
- Labour, materials, plant and scaffolding
- Setting out, footings, slab, block, steel and the roof
- Internal and external render, and two coats of paint
- Windows and doors from a local supplier
- First and second fix plumbing and electrical
- Floor tiles to the allowance stated in the specification
- Kitchen and bathroom fittings to the stated allowance
- Site clean, rubbish removal and the handover file
- Insurance: Public liability and contractors all risks, JMD 50,000,000
Not in the rate
- Drawings, structural design and the approval fees
- The land, and any survey of it
- Cut and fill over 300 mm, and rock breaking
- Retaining walls, boundary walls and gates
- Septic system, water tank and pump
- Air conditioning, solar, inverter and generator
- Burglar bars, grilles and security systems
- Landscaping, pool and driveway beyond the apron
- Furniture, curtains and appliances
Each of these is priced as its own line if you want it. That way you can see the figure and decide, instead of finding it inside a lump sum.
Eight stages. Each one is invoiced after it is signed off, never before.
The percentages below are the same on every contract we write. The weeks are typical for a house; your programme states your own. To make it concrete, the money column is worked out for a 232 m² two-storey block house at JMD 180,000 per square metre, which comes to JMD 41,760,000.
| Stage | Typical weeks | Share | On this example, JMD | Signed off by |
|---|---|---|---|---|
| 01 Set out, footings and foundationPegs in the ground, excavation, steel and the first pour. | 3to week 3 | 10% | 4,176,000 | Engineer, steel before the pour |
| 02 Blockwork to ring beamWalls up, columns poured, ring beam cast level. | 5to week 8 | 15% | 6,264,000 | Client walks the openings |
| 03 Roof or suspended slabThe building gets a lid and the inside can dry. | 4to week 12 | 15% | 6,264,000 | Watertight after rain |
| 04 Windows, doors and external renderThe building closes up and the outside gets its coat. | 4to week 16 | 12% | 5,011,200 | Openings sealed, render cured |
| 05 Plumbing and electrical rough-inEverything that has to be buried, buried and photographed. | 3to week 19 | 12% | 5,011,200 | Pressure test, wall photographs |
| 06 Plaster, screed and tilingInternal finishes, floors laid, bathrooms waterproofed. | 4to week 23 | 14% | 5,846,400 | Shower flood test, tile set-out |
| 07 Joinery, fittings and paintKitchen, wardrobes, sanitary ware, switches, two coats. | 4to week 27 | 12% | 5,011,200 | Electrical certificate |
| 08 Snag list and handoverYou write the list, we clear it, then you get the keys and the file. | 3to week 30 | 10% | 4,176,000 | Client snag list cleared |
| Contract sum | 30 weeks | 100% | 41,760,000 | Handover file issued |
Retention
5% is held back from every stage payment. On the example above that is JMD 2,088,000 in your hand until 90 days after handover, when we walk the building again and clear anything that has shown itself in the meantime. Doors stick in the first wet season, not on handover day. That is what retention is for.
Variations, up and down
A variation sheet states what changes, what it costs, and how many days it adds. Nothing is ordered until you sign it. It works downwards too: a client on the Liguanea surgery dropped a glazed partition and JMD 330,000 came off the final account without being asked for.
Getting a real number
Send the set. 10 working days later you have a fixed price.
We measure quantities off your drawings, price the materials at this week's prices, add labour and plant from our own records on jobs like yours, and put one sum on the front page with the exclusions under it. Then we build the programme backwards from the date you want to move in and tell you whether that date is real.
If the drawings are not finished
Say so. We will walk the site, give you a range from the rates on this page, and put you with a draughtsman or an architect. Their fee is theirs and we do not mark it up. When the set exists we price it properly, and the range we gave you is usually within a few per cent of the fixed sum, because the range came from real jobs.
What we will not do is give you a fixed price from sketches. That price would be a guess with a cushion in it, and you would pay for the cushion.