We've just submitted our building plans to planning. We thought that in the mean time we would get 3 building companies to give us ball park figures on the work. All these prices include plumbing / building / electrics etc. They do not include providing the kitchen and utility room units, decoration etc. We have a £60k budget
Builder 1: £58k
Builder 2: £78k
Builder 3: £102k
I'm totally shocked at the massive difference between all these estimates. These are wildly differing numbers. Builder 1 is within budget, just. We just plucked him out of the yellow pages. Builder 2 is over budget, was recommended by the architect. The architect thinks she can alter our plans to bring him down into budget. Builder 3 we know really really well as a friend but he's just way out of budget.
How can they vary so much? Should we just file these figures and not worry too much and then when we have got the building reg drawings sorted send them out to tender again and take it from there? Or should we contact some more builders for estimates? We really just wanted ball park figure and we've got figures ranging over nearly £50k which is a heck of a large difference.