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Pooja Khanna Tyagi added this to How to Ensure Smooth Execution When Working With a Contractor4 November 2020

4. Ask for a BOQ and comprehensive budgetAfter the item-wise rates are finalised, hand over the interior detail drawings (if any), share images of the proposed designs or ask the contractor to take physical measurements on site. This will help the contractor to assess the quantity of work and get back to you with a realistic budget in the second round. Ask the contractor to create a detailed BOQ (bill of quantity) of the scope of work and multiply it with the item-wise rates to create a comprehensive budget. This will help you to analyse the budget and keep a check on the overall cost of the project.Calculate for a budget that is increased by 10–15 per cent for contingencies and additional expenses that may crop up at site, especially if the property is old. Here are more renovation professionals on Houzz