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Frequently Asked Questions

What is the approximate square foot price to build a project?

The following prices would include design, engineering, building permits and construction costs

Quality finished Custom home: $200.00 to $275.00 per square foot.

Very high end Custom Homes: (exculsive features such as pools, elevators etc). $225.00 to $400.00 per square foot.

Residential renovation/addition: $200.00 – $300.00 per square foot.

Low rise Condominium (wood framed): $200.00 and over per square foot.

Low rise Condominium (concrete): $300.00 and over per square foot.

Warehouses (tilt-up): $200.00 per square foot plus tenant improvements.

Warehouses (wood framed): $175.00 per square foot plus tenant improvements.

Retail (tenant improvements): $75.00 and over per square foot.

Can I use any of my own trades?

Yes, Depending on how the contract is structured and if trades are licensed, reputable professionals.

Will there be a site supervisor on site?

There is always a project manager, site supervisor and administrative support provided for each project. Depending on the size and complexity of the project a supervisor may be assigned on a part-time or full time basis.

Is there a deposit or down payment required?

Yes. Deposits or down payments are generally as follows:

Design Build: 5% of the construction costs at contract signing.

Fixed price: 10% of the construction costs at signing.

Cost plus: 10% of the construction costs at signing.

Renovations/retail: 15-25% of the construction costs at signing.

How are payments or draws made?

Payments are made in two different ways:

1. On construction progress after the completion of each phase such as foundation, framing, mechanical and others.

2. On a monthly basis based on the percentage of construction completed.

How do I legally hold back funds?

We follow the BC Builders Lien Act and therefore accept a 10% holdback on each draw, which is deposited into a mutually held lien holdback account at a given financial institution. Further holdbacks for deficiencies are calculated near the end of the project.