How should building suppliers and contractors be selected?
Use one specification, verify licences and insurance, compare like-for-like offers and control performance.
The lowest price is not necessarily the lowest cost. Compare experience, availability, warranty, exclusions, insurance, qualifications and whether materials, removal, inspections and applicable taxes are included.
A property management company issues the same scope to bidders, validates documentation, coordinates access, records approvals and checks that the invoice matches the completed work.
In practice, the building should define who may approve expenditure, what evidence is required before payment and how owners are informed. ALTIT LUXURY structures this process, centralises the information and brings decisions requiring approval to the condominium owners’ committee.
Three points to check
- Common work specification
- Licences and insurance
- Acceptance before payment
Official and professional sources
These links are provided for further reading. Always check the authority’s website for the latest version and instructions.