Having the house total renovated New roof/ceiling/walls/bathroom/kitchen/heating/windows/smallextension the works.
Finger in the air estimate about 4/5 months work £60k-80k+
I've have absolutely no exp in renovations and would be rubbish at pm.
Talking to mate who has never project managed a renovation before but does do light project management type stuff at work. They are very keen to get involved for both the experience (as it could lead to a new career path) and financial reward.
Suggestion on how much I should pay them please? Neither of us have a clue.
Thanks
your mate should estimate how many days (1 a week, 2 a week, 1 a fortnight plus weekly 2hr site meeting?) he'd need to spend on site for the project and then agree a daily rate for that.
hmm thats all stuff neither of us know at this stage.
I am guessing they couldn't spend more than 2 hours a week on site and maybe another 4 hours max from home during the week. But I/we don't know if thats enought/not enough. I've got a pretty good builder but still from all the renovations programs on TV they say a bit of pm is essential.
What is a ballpark hourly rate?
IME most work on a % of total. 12-13% being common. Not sure if that's just architects doubling as pm though.
Wow .. really? That puts it anywhere between £6-9k gulp!
Project manager chargeable time is usually £2000 per week or £50 p/h to employ one through a company. On a project of this type I would expect around 10hrs per week input rising to 20 hours for maybe 2 or 3 weeks.
If its mates rates though then knock off a third.
Employ one contractor to do all/most of the work - they will do the PM job.
Wow .. really? That puts it anywhere between £6-9k gulp!
Indeed. I found it a bit hard to stomach being used to a more 'fee per item' payscale. Especially when the costs go up because the architect hasn't remembered to tell the builder something needs doing (£1.5k worth of pointing in our case) and they then expect 12% of that too!
I did mine including all the drawings (14 in total!) and I would estimate that my time charge for a bespoke extension / kitchen refit would have been around £5000.
This included the drawing works / planning / structural engineer co-ordination / building control / licence / tender package / tendering / appointment of the contractor / sub contractor packages / sourcing materials and managing / monitoring the works on site.
Cost of the works was circa £70k.
Get a good builder in for quotes to start with. Any general builder would love to take on a project such a this at the moment due to the longevity of the work it could provide. Fwiw, for starters I'd get all the ripping out done, ceilings down, walls cleared of existing plaster etc etc. back to bare shell and then strip the roof, personally I'd let this go to a roofing company as 1, you'll get a better job as a rule than a gen builder, 2, they'll be quicker 3, and they'll probably be cheaper. Then mechanical and electrical, again go to specific tradesman fixed price worked out off detailed drawings, easy peasy for both trades as ceilings down and no plaster. I could go on if you want and do a programme but itll bore you to death as a post on here. If you want, post back and I can bore you further, and hopefully save you a few grand!!
Be careful not to confuse a "Project Manager" with an Architect or "Contract Administrator". The latter will do all the design, Town Planning, Building Regs, specification thing for you, but will only expect to visit site once a week or so for a look around. A PM will be much more hands on during the construction phase.
Getting a Main Contractor on board may save you some PM fees as suggested above, but be aware that the Main Contractor may have his own profit margin in mind rather than your best interests.
Talking to mate who has never project managed a renovation before
Before getting a mate involved you might want to think about how tolerant you are of things going wrong. If you need everything to be exact as you imagined and be perfect then don't use friends. Stuff goes wrong and if you aren't flexible then you will end up in a pissing match with a friend which just isn't worth it imho. Don't underestimate the amount of work required either
By the way - rule of thumb - double your estimates. And by what you say you are doing, I think you need to...
As above that budget sounds very optimistic!
You need a pm with experience in the industry rather than just someone that can drive a Gantt chart.
+1 for not using your mate for this reason and the one about losing him as a friend.
I'd go fixed price main contractor route and be prepared to spend an hour a day on site myself - at least that's what I did for a similar sized project 3 years ago.
Good luck
Oh and where are you?
To the OP - how did the project go? Is it finished yet? 😕
Don't get Footflaps to do it. You'll end with something very nice but £££'s 🙂
So your mate fancies a go at your expense? Hmmmm, recipe for cost/time overrun+losing a mate perchance?
Just a thought: if neither you or your mate have done it before, why pay him to make mistakes that you could make? If its a property that's got any passion in for you then why not do it yourself? You'll have a tighter reign on things. Research, research, google, research, ppppp.
Doh old threadz