HABITAT
Subscribe for Daily Updates!
We have major projects ahead and our board thinks that, due to the economic downturn, we can get "great prices" now on projects like new elevators, lobby reno or roof replacement because consultants/vendors need the work and will probably lower their costs significantly to get more contracts.
Have any of you found this to be true? Our board hasn't looked into this closely yet but they think this is a good time to start major projects so we'll pay much less for them than we may in 2-3 years. Aside from the fact that most costs go up in time anyway, is it likely that professionals in the building industry in NYC are "discounting" their prices in this sluggish economy just to get more work?
If you have a roof replacement project upcomin please look at our website/references you will see we are more than qualified and are competative, however we do not skimp on quality and yes we do have certain obligations that we have to meet and certain standrads that we consistantly maintain. Good luck
www.aparestoration.com
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat u
visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Archives
search
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!
I think what you will find is that contractors are generally more available for these projects and will likely be somewhat more flexible in their pricing. Like all of us, they have obligations that they must meet regardless of the economy, so while you may get a modest discount that you would not have received a year ago, you may find that it is not providing the "great prices" that your board is hoping for. On the other hand, you will likely get a faster start time, fewer delays during the project, and improved service afterward.
Most of their costs are in materials and labor which to a great extent are out of their control. Labor costs may not rising as quickly these days but they are not going down, particularly if you are engaging in union work.
Like you said yourself, costs go up in time regardless, so waiting for two or three years will only result in a more expensive project. We are in the middle of a major elevator modernization project. Times are tight and the work could have waited for two or three years, but we knew the work had to be done and we also knew that it was not going to get cheaper later. Bottom line, if you have the funds available and the project is essential, now is the time.
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.