Lets assume you are one of the Indian Home Owner who is planning to t renovate your Home. I know what probably you are going to do
Step 1) Search for Contractors
Option 1) you already know some Contractor
Option 2) you will start talking to your friends & Colleages
Option 3) you will jump to justdials & quickrs of the worlds to find contractors
Step 2) You will start asking for Estimate
You will invite one or more Contractors to your home. Explain him all the problems & requirements. Contractor will take measurements & provide you Estimate.
Step 3) Selection of Contractor
You will judge Contractor by his Estimate. Cheaper the Estimate more attractive it looks.
Step 4) Visit Site or see pictures
Step 5) Negotiation
You will negotiate on the estimate. You will ask for x percent discount. Contractor will eventually agree to give x – y discount.
Deal is done!
You give contract!
Once Contractor starts the project – you will start micro managing things. You will ask lot of questions. Contractor will explain what is needed. During execution you will change your mind – you will change the plan. You will also buy Tiles or Shower heads which exceeds your budget. Probably there will also be some minor re-do of things. You first wanted to place your fridge in one corner, but now you think Washing Machine should go there.
Meanwhile, you realise you have exceeded budget & time that was pre-decided.
What the Hell!?
And who is to be blamed for this mismanagement – no one else but Contractor.
Because you are Home Owner – you are paying for it. You are the Boss! And boss is always right!
Between, you also realise that you had tight budget to start with. Now towards the end of the project, you do not have sufficient funds to complete the project. You delay the payments. That eventually delays the work further. Contractor, if a good one, might leverage for a while & give you credit on labour charges, but ofcourse he is not goign to buy any building material form his pocket.
You again start finding some faults in Contractor. You start realising the you have overdone the renovation work.
What a mess the situation is !
A good Contractor has gone through this situation 100s of times, he tried his level best to control change requests, budget, time – but there is limit to what he can do.
Contractor tries to drive the project in best manner and completes the work. Ofcoure now you have way better looking bathroom or kitchen but an average looking bedroom. You see the budget didn’t get used properly. You wanted those costlier tiles.
Anyways, you have spend Lakhs of rupees. You are left with minor heartburn. You have a home which is not as were what you expected in beginning. However now you will continue to live in it for years to come.