With the rise of cost of living pressures, it's no surprise that strata committees are on the hunt for cost savings. However, when it comes to selecting a contractor for strata projects, the cheapest option isn't always the wisest choice. While cost is undoubtedly a crucial factor, several other considerations should inform your decision-making process to ensure the best outcomes for your strata community.
Reputation and Experience
Before engaging a contractor, delve into their track record and reputation within the industry. Look for contractors with extensive experience in strata projects and a proven history of delivering quality results. Contractors with a solid reputation are more likely to prioritise professionalism, reliability, and adherence to deadlines.
Recommendations from Your Strata Manager
Leverage the expertise of your strata manager, who likely has first hand experience working with various contractors. Recommendations from your manager can carry significant weight, as their established relationships with contractors may facilitate smoother project execution and better communication. Contractors familiar with the unique needs and dynamics of strata communities are better positioned to deliver tailored solutions and mitigate potential challenges.
Quality of Workmanship
While it's tempting to opt for the lowest bid, prioritising quality workmanship is paramount to avoid costly mistakes and rework in the long run. Assess the contractor's portfolio, previous projects, and client testimonials to gauge the calibre of their work. Additionally, inquire about the materials and techniques they employ to ensure they meet industry standards and comply with relevant regulations.
Compliance and Licensing
Verify that the contractor holds the necessary licenses, certifications, and insurance coverage required to perform the work legally and safely. Compliance with building codes and regulations is non-negotiable, as non-compliance can lead to fines, delays, and legal liabilities for the owners corporation.
Works over $5,000
The Design and Building Practitioners Act 2020 (DBPA) and the Design and Building Practitioners Regulation 2021 ('DBPR') extends a Duty of Care to design and building practitioners concerning residential building (including class 2, 3 or 9c buildings) works under the Home Building Act 1989, encompassing a wide range of activities. This includes repairs, renovations, decoration, and application of protective treatments, particularly those exceeding a cost threshold of $5,000. This provision underscores the importance of ensuring that practitioners adhere to high standards of workmanship and compliance, particularly in projects involving significant financial investment.
Costly Consequences
Opting for the cheapest contractor without due diligence can have dire consequences for your strata community. Poor-quality workmanship may necessitate costly repairs or replacements, exacerbating financial strain on owners. Moreover, contractors who cut corners or fail to adhere to safety protocols can compromise the well-being of residents. Unresolved disputes with contractors can breed mistrust and discord within the community, undermining cohesion and cooperation.
While financial constraints are common, choosing a contractor involves more than just looking at costs. Investing in a reputable contractor today can yield substantial returns in the form of enhanced property value, resident satisfaction, and long-term savings. Conversely, a poor contractor can turn into a costly exercise for the owners corporation. Echoing the age-old warning: "when it seems too good to be true, beware!"
At Compass Strata, we recognise the importance of informed decisions to protect your strata investments. With our dedication to accountability, transparency, and superior strata management, we guarantee that your projects are handled with care, providing outcomes that enhance your community's value and welfare.
