Accurately define your scope of work to fit your budget
Traditional Problem: Contractors often make their overhead and profit appear lower by inflating the cost of materials and so owners can't understand what they're being charged for. Also, by adding a fixed percentage (e.g. 20%) on top of material costs for profit and overhead, it is impossible for owners and architects to know for sure if contractors have correctly calculated all their time-based resources which jeopardizes the deliverability of the project.
Bolster Solution: Bolster's Budget Planner Tool helps prioritize the owner's scope of work and provides min / max figures for each task and material allowance with every and all costs separated out. This quantifies and visually communicates the owner’s key project drivers (budget, scope and quality of finish) so they can make informed decisions about what they can and can’t afford prior to committing to design fees (on average $40,000 on Bolster projects).
Apt. Combination, Upper West Side
Eric and Allie's Problem: Eric and Allie, a professional couple in New York City, and their architect, were receiving bids from contractors to combine two Upper West Side apartments but they were unable to fully understand what they were being charged for and so could not make a decision about who to hire.
Bolster's Solution: Together with Bolster Contractor Aaron Borenstein, Eric and Allie were able to use Bolster's Budget Planner Tool to fully understand exactly where best to invest in their home.
Aaron did not need to inflate his direct costs because Bolster's method helped inform Eric and Allie on the exact indirect costs required to deliver their project successfully. The result was a complete understanding of Aaron's true value as a general contractor and direct cost savings totaling $64,936.
Also with Bolster, Aaron's Project Resources and Overhead and Profit were itemized, calculated and priced from the bottom-up to reflect the true cost of managing and delivering Eric and Allie's project successfully to schedule. This approach also revealed $26,228 worth of project-critical line items that the competition had left out.