Compare equivalent work
Start with a scope of work rather than a single price per square metre. Record enclosed areas, terraces, parking and external works separately, and ask how each contractor measures them.
State responsibility for design, ground investigation, foundations, utilities and approval-related work. Do not assume a construction total includes an item absent from the quotation.
Make exclusions visible
Include explicit lines for fencing, access, landscaping, drainage, water storage, air-conditioning, kitchen equipment and furniture. Mark unused items instead of leaving ambiguous blanks.
Contingency should reflect the uncertainties of the actual project. Identify allowances awaiting ground investigation or material selection, and specify when each will be reviewed.
Separate project cost from debt repayment
A project budget and loan affordability are different questions. The Asset.red repayment tool only calculates from the principal, rate and term entered by the user. It is not a lender offer or approval decision.
Keep dated quotations with inclusions and exclusions. Compare differences line by line. The AI-generated illustration has no verified construction cost attached to it.
Sources and scope
Prepared by Asset.red with AI assistance and source comparison. This is not represented as architect or engineer review. Use it to prepare questions, not as approval of a site or construction design.
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