It is imperative for home owners and managers of commercial real estate projects to make a well informed choice when it comes to hiring Dubai contractors. As it is after the global economic recession many contractors have lost their reputation hence relying on the contractor’s words alone should not be your only consideration.
Most Common Mistakes
Inexperienced home owners and project managers tend to make the same mistakes over and over again. This is irrespective of whether the task at hand requires interior finishing, remodeling or building a house from scratch.
1. The biggest mistake is to fall for the contractor that quotes the lowest price. Finance is always the biggest limitation but you need to keep in mind that a professional contractor cannot afford to quote an exceptionally low price. This is because he has many expenses to maintain including liability insurance, health insurance for employees, workers comp and various other expenses. Add to that the multitude of operational expenses and taxes and you will be able to estimate what authentic Dubai contractors should be charging.
2. The second biggest mistake is to give your contractor a handsome down payment. In general, if you are looking for these services in the UAE then the range of down payment is between 5% to 20%. Only in special cases where some extra special equipment or appliances have been ordered on behalf of the client should a contractor ask for a bigger down payment. Hence this is an excellent way to gauge whether a contractor is out there to fleece you or render you top quality services.
3. You also need to be able to get the work started off on credit. There is no need to pay the contractor for all materials required for your project. This is because professional Dubai contractors have accounts with their suppliers and maintain a credit cycle. In case the company you are dealing with asks you to pay all costs up front you should stop dealing with them straight away. This is because either the company is a start up and has not yet been able to establish credit or it has a bad repo in the market. In either case you wouldn’t want to work with such contractors.
4. Many home owners suffer dire consequences because they fail to get their contract into writing. It is extremely important to get a legible cost break down or estimate from your Dubai contractors and then a signed contract. In such cases, a verbal agreement is no agreement.
5. Lastly, you should not rely on recommendations of friends and family alone when it comes to selecting contractors in Dubai. It is definitely good to know someone who has rendered the contractor’s services in the past but make it a point to check with their previous customers whom you don’t know as well.
There is no denying the fact that you will have tens of Dubai contractors chasing you to take your project on hand. However by taking the above mentioned information into consideration you will be able to avoid the most common pitfalls that people tend to fall into.