The price you pay for a house renovation project manager can vary massively, depending on a number of factors. Their level of involvement is up to you, as you can have a project manager that helps with preparation only, or someone who’s there for day one of planning right through to when the final work is complete.
Some of the main factors to consider are: Size and complexity of renovation Type of support need Level of involvement in the project (onsite and offsite)
Total renovation spend construction approach (using a single construction company or multiple individuals tradespeople) Time it takes to complete the project .Number and frequency of visits needed. Where you live . There are many factors to consider.
If you’re wondering what exactly a house renovation project manager does, the list can get very long and the exact responsibilities they cover will vary with every project. This would all be discussed at an initial meeting.
As a general rule, a project manager is there to: Make your life easier Guide you through the renovation process Provide advice and support. Ensure the project is delivered on time, to a high standard and on budget .Work closely with all designers, architects, tradespeople and suppliers. Coordinate the various stages of the renovation project
Why use an independent project manager?
Typically project managers for building projects are either architects, builders or specialised independent project managers.
Each of the three main types of project manager have their pros and cons.
An architect has a lot of knowledge on the technical side, they understand the process and can give you real insight into the design stages of the project, but aren’t always on hand to communicate and sort out mundane problems.
A builder can offer hands-on experience and will usually have worked on lots of build projects before, so they understand how things go. They’ll also generally have great relationships with other tradespeople and suppliers, which could come in handy for discounted rates, but they can go off on their own agendas and
Then you have independent project managers, like myself who are dedicated to managing house renovation and other construction projects. Plus, it can save you a lot of time and stress throughout the duration of the project.
Normally, there are four contract types for contractors:
- Lump-sum: The most popular kind of agreement. The owner and the contractor set a fixed price for the whole project. The price remains the same even if the total cost of the project is proven to be higher or lower than the agreed amount.
- Unit price: When there are objective difficulties in deciding the final price in advance, this method is preferred. The project owner offers materials with a particular unit price in order to reduce spending.
- Cost-plus fee: A cost-plus-fee contract is the best contract agreement for contractors. On top of the project’s total cost and the agreed fixed fee for the contractor, any other unpredictable expenses have to be covered by the owner in the end.
- Guaranteed maximum price: The last type of contract doesn’t differ much from the previous one. The key difference is the maximum set price which can’t be surpassed in this case.
NB – Costs taken from the internet for PM’s in the UK……I’m working way under the national average!!!!