It is important, on all projects, to ensure that the Tenderers’ include a Trade Cost Summary in their tender – no matter how small the project!

This makes it easier for tenders to be reviewed and compared fairly and to find any discrepancies – giving you a better chance to appoint the right builder.

And to help with consistency, include the form for the Trade Cost Summary in your documents, and:

  • Endeavour to have the trade list match your specification,
  • Keep GST separate,
  • Make sure Prime Cost and Provisional allowances are clear and unambiguous,
  • Ensure that cost options (as either additions or deductions) are clear and unambiguous,
  • Check that the trade costs total to the actual tendered figure.