HowToChooseAGoodRepairandMaintenanceContractor-.PDFVIP

How To Choose A Good Repair and Maintenance Contractor By Stanley Wong President of the Hong Kong Institute of Real Estate Administrators Before you decided to engage a contractor, ask yourself: ? What do I want? How big is the size of the job? Is it complicated? ? Should I hire a consultant or a team of consultants first? ? What it the role of the consultant-just Project Management or Design? ? Pros and cons of having a consultant ? How to choose a consultant? ? Word of mouth, the list of APs and RSEs, from the web, etc. ? Appropriate job experience, size of the firm and reasonable fees (too low the fee, you are asking for trouble!) ? Reasonable work load Discuss with your consultant(if you have one) to decide: ? 1. A well-defined scope of work, the time, the material, the workmanship, the standard, etc.) ? 2. All-in, Nominated or direct subcontractor approach? ? 3. Duration, Bill of Quantities (for reference or binding)? Fixed-price lump sum or re-measurement contract? Direct purchase of material? Performance bond, insurance coverage? ? 4. Ask the consultant to work out a budget and see if it is in line with your expectation. Must allow for at least10 to 20% contingency. ? 5. Estimate a reasonable payment schedule. Preparation of Tender Document: ? 5. Revise your scope of work, material or workmanship standard if necessary. ? 6. Have your requirements fully reflected in a written tender. ? 7. Compile a list of potential tenderers, from the consultant or friends, or list of contractors kept by BD, HA, or DEVB, etc. ? 8. Check that the contractors are (1) licensed, (2) with relevant experience, (3) financially sound, (4) appropriate size, (5) have good reputation in the market. Call them to make sure that each of them will submit a genuine tender. ? 9. Backgroun