REVEALED... THE HIDDEN COSTS OF SELF-BUILD
There is a nirvana we are all striving to reach — the truly accurate cost forecast that matches the money in our possession, which matches the work we want to achieve. Can it ever be realised? In the self- build bubble in which you and I operate, I would maintain that this is a desirable position we dream of, rather than hitting this target every time we carry out any kind of building work!
What affects the accuracy of our cost planning and forecasting? There are a few factors, ranging from appointing the wrong people, through failing to have the resources in place in the first instance, but a major factor that needs to be thought about is that of ‘hidden costs’.
