A renovation quotation can look like a foreign language — full of industry terms, abbreviations, and line items that don't obviously connect to what you discussed. Here's how to read one without getting confused or caught out.
The quotation should clearly list each work scope as a separate line item. For example: 'Demolition of existing toilet wall tiles — $X,' 'Supply and lay new 300x600mm homogeneous floor tiles — $X per sqft.' If you receive a quote with vague bundled items like 'bathroom renovation — $3,500,' ask for a breakdown.
Materials vs labour: some quotations separate material cost and labour cost. Others bundle them. Bundled quotes are common but harder to compare. Ask if any scope uses 'PC items' (Prime Cost) — this means a budget allowance has been set, and if you choose a pricier material, the difference is charged as a variation.
Exclusions matter as much as inclusions. A reputable quotation lists what is NOT included — usually items like HDB permit fees, disposal of debris, temporary protective works. If these aren't listed, ask whether they're included.
Payment schedule: standard Singapore renovation payment terms are typically 30% deposit on signing, 40% at start of works, and 30% upon completion. Be cautious of contractors requesting more than 50% upfront.
Validity period: quotations typically expire in 30 days. If material prices change significantly, contractors may revise. Lock in the quote before prices change if you're ready to proceed.
GST: check whether the quoted amount is inclusive or exclusive of GST (9% in Singapore). This can meaningfully change your final cost if not accounted for.