It’s safe to say that cost overruns in construction projects have become an industry-wide status quo. Addressing cost overruns within construction projects requires an understanding of the array issues that may occur at any phase of the construction process. Oftentimes, overruns hint at deeper issues in project management. Common examples are improperly setting budgets and schedules from the very beginning of the project. This can completely throw off the project’s timeline and become quite costly. Alternatively, there are forces beyond human control, such as extreme weather, that can impact a project’s budget. But in most cases, a project’s overrun is a direct result of inaccurate analysis or planning before building even begins. In conjunction with better planning, technology can also help to reduce the common problems or elements that contribute to cost overruns, ensuring you can maximize efficiency.
At Highlands Master Builders we utilize an advanced project estimating tool which has been developed, in-house, over the past two decades. Cost information is updated on a weekly basis for both materials and labour, and allowances are given to accommodate for price increases over time. Additionally, our estimators use the latest estimating software, PlanSwift, which allows them to quickly and accurately measure plans, regardless of the complexity.
Our approach to cost estimating is transparent and accurately breaks down every cost item in a project. This empowers clients to which can make smarter decisions about what to include or exclude from the project’s final plan. This process guarantees that our clients get the most return for their investment and don’t needlessly waste money.
The budget and a reasonable time frame are stated in the contract, which is signed by all parties with copies provided before breaking ground or the start any project. Our goal is to get your project finished as quickly as possible and stay on budget so we can move on to the next job. Check with our references and you can see for yourself if it’s not due to nature or outside forces, we do what we say, when we say.
These terms are broken down in the contract based on progress with a completion date included. Once the work is completed to a pre-determined point, a pre-determined payment is made, with final payment due upon completion.
Yes. All Highlands Master Builders projects are protected by a 2 year warranty on all labour and materials. In some cases, materials may be warranted by the manufacturer for up to 25 years. We also offer extended warranties and extended service contracts to ensure your project looks great well into the future.
We have done many renovations in the past, but Highlands crew was outstanding. It is rare to find a construction company that has so much knowledge and experience and has the leadership to see a project through from the beginning to the end. They were always onsite, early in the morning. They were pleasant, polite and always cleaned up at the end of the day. We were actually sad when they left, as they were like family friends staying at our house!
If you want a great crew, outstanding workmanship, transparent and easy to understand billing this is THE company! We would hire Andrew and the guys back for another project any time. Thank you again for going the extra mile – we are very grateful.