Tender Price

Viewing 5 posts - 1 through 5 (of 5 total)

HP
Member
@hp
Join Date: 2005
Post Count: 2
January 24, 2005 - 1:24 pm
It’s amazing how an area can influence the tender price. Eg (Sydney based) I have a sight in Manly/Queenscliff area DA for 9 Apartments. I went out to tender and WHAT A PRICE!.
In my opinion the reason for such a high price is
1) Too much work on
2) The sight being in a premium area adds to the price.(and I’me not talking about top of the range finishes)
This is only my opinion
I wonder if I went out to tender out in the west with the same design wheather the tender price would be the same.
.
Can anyone share any similar experience.
Feed back would be much appreciated
Regards
HP
AUSPROP
Participant
@ausprop
Join Date: 2003
Post Count: 953
January 24, 2005 - 4:56 pm
have you ran any other tenders lately? you may be surprised to find it is just a normal building price these days. but yes locastion and the feel of a ‘5 star’ development can be like a red flag to a bull!

http://www.megainvestments.com.au
Extensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
DanTheMan
Member
@dantheman
Join Date: 2003
Post Count: 100
January 24, 2005 - 11:17 pm
Hi HP,
Do you mind telling me a rough price per m2? Would be very interested.
Dan.
The most important thing is to make the most important thing, the most important thing.
Anon.
HP
Member
@hp
Join Date: 2005
Post Count: 2
January 25, 2005 - 2:59 am
Thanks Dan The Man.
Good Question. I think it came in at $2,600 per m2
On this question could I ask what I should be paying per m2 for apartments from lower end , midle to upper end of the market.
HP
MichaelYardney
Participant
@michaelyardney
Join Date: 2001
Post Count: 616
January 25, 2005 - 12:35 pm
We are obtaining builder’s quotes all teh time- we have 5 medium density developments out with buildrrs for pricing at present.
You price seems very expensive.
We DO NOT go to formal tender. Builder’s hate pricing tenders and charge considerably more for them.
If the tender is requested by an architect, then only certain builders with special insurance can price these jobs.
If you reuest a price in a less “formal” way than a tender, but still with tight specifications, you may find you get a better response
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.au