MyJobQuote Logomyjobquote
  • Post a Job
  • Trade Signup
  • Ask a Trade
  • Cost Guides
  • About
  • Login
  • Ask a Tradesman

    Post-COVID contractor prices

    Builders

    In your opinion, when covid is over (hopefully sometime next year), how might this affect contractor prices? Will there be a sudden surge in builder charges as more work is available and they try to make up for a bad financial year? Am I better off taking precautions and having work done before the pandemic is over? Any thoughts on this? I want to have an extension built so it’s going to be a costly project and this thought popped into my head. Thought I’d try and get in touch with a professional.

    Asked by Harry on 21st Dec 2020
    Share this question
    Canny Property Services

    "I believe that prices will remain as they are as this type of work has the ability to continue with sensible social distancing on site. You will inevitable get the contractors who will use Covid as an excuse to raise their prices somewhat... With no justification in my eyes. Get a few quotes and go from there."

    Answered on 22nd Dec 2020 - Member since Feb 2020 - report
    Design Manage Build

    "Cost of materials will increase as with labour, more to do with brexit than covid"

    Answered on 20th Feb 2021 - Member since Feb 2021 - report
    CT11 Construction & Developments LTD

    "With regards to pricing, the main issue you will be faced with, is the increase of materials. Due to the uncertainty of Brexit, and restrictions of COVID-19, manufacturers are still trying to operate. but unfortunately, I have seen a massive spend within the companies to make it COVID compliant.(to keep every one safe) However, this is then covered within the operating costs of the company. So therefore the cost has to be passed on through the sale of goods. the same will apply for builders aswell. they will find a increase with accountancy fees (extra paperwork for the inland revenue) and public liability, will also increase due to either business disruption or employees catching COVID.

    My best advice, it will not be over anytime soon, however do some research and get at least 3 quotes, check references, public liability and do check with companies house to do some research. There are uncertain times and remember construction has bit hit equally hard.

    key elements. 1) agree on a contract. 2)payment terms. Never give too much away 3) milestone payments. make sure you want a clear programme of works with key payment mile stones.4) quality check their work before any payment.

    Hopefully this small outline is helpful."

    Answered on 22nd Dec 2020 - Member since Jun 2020 - report
    OG services

    "Hi Harry, it does not really matter when you start the project. Just remember that when the COVID is over a lot of people are waiting then so there could be a long back log. I would be happy you have a look and advise you more."

    Answered on 22nd Dec 2020 - Member since May 2020 - report
    Peter Henney

    "Hi Harry
    I would have thought that rates would not rise much above current levels as playing catch up with higher rates could result in in being uncompetitive, most, if not all of the builders I know have in the main had continuous work. I hope this answers your question.

    Regards"

    Answered on 22nd Dec 2020 - Member since Jun 2019 - report
    Shire Builders

    "In response to your question, I can only answer for my firm.
    Here in the south west we will be expecting to be charging the same a day rate of £150.00. Extensions and the such like are generally charged on a square meterage rate I would not expect expect a contractor to be working on a time lead of less than three to six months for this sort of work so do start to make enquires early.
    Regarding work schedules we have been exceptionally busy this year so a quieter year would be appreciated."

    Answered on 22nd Dec 2020 - Member since Jul 2014 - report
    L&A Courtings

    "Since covid prices on materials have gone up a lot in some places so shop around go to bigger suppliers as they can keep prices down a bit"

    Answered on 17th Jan 2021 - Member since Mar 2019 - report

    Ask a Trade

    Got a question that only a tradesperson can answer? We have thousands of trades ready to answer any question you may have.

    Ask your Question

    Related questions

    Ready to get a price for your home improvement project?

    get started
    x

    Report Content