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The
Renovation Co-op Pricing System is designed to offer the
following:
* Detailed Estimates:
Regardless of the size and scope of the work involved, our unique estimating system provides each client with a significant amount of
detail about the renovations to be performed, along with a simplified clarification of any complex issues
pertaining to an estimate.
* Multiple Layers of Discounting:
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The
Standard
Retail Price
is the full, non-discounted price, with no consideration given
to current renovation market conditions. However, this price is "locked-in"
and guaranteed for up to 6
months.
The
Standard
Retail Price
is
what is normally paid by clients who are either purchasing a new
home or re-financing their existing home, and where the final mortgage
closing may be months away.
By
purchasing the work long in advance at the Standard
Retail Price
(which avoids potential cost increases down the road), the client
is guaranteed that the renovations will be started immediately upon
the closing. |
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The
Best Co-op
Price is
based upon more immediate market conditions. All specifications
pertaining to the project are sent only to those Co-op members
who regularly perform the same type of renovations and at the level the
job specifically calls for.
The contractor-member who ultimately performs the work agrees not to exceed the Best Co-op Price (unless changes are
later requested by the client). This is the Co-op's method of
keeping prices under control. |
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Contractor
Subsidy Fund Discount |
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Subsidy Fund Discount-In order
to offer discounts to clients without affecting the quality of
workmanship, the Co-op sets aside a percentage of all
monthly revenues (web-based renovation management system fees,
membership fees. etc.) and places it within a segregated,
Contractor Subsidy Fund.
When a discount is offered as part of an
estimate, the client pays the discounted price to the
contractor, but the contractor is then reimbursed for that
discount from the Contractor Subsidy Fund.
This enables the contractor to maintain quality of
workmanship and materials without having to cut corners in order
to accommodate a client's low budget. The Co-op
"subsidizes" the discounted amount.
NOTE: All approved subsidy funds are automatically segregated and placed on hold
in order to guarantee full
payment of the discounted amount to the contractor. To ensure the full usage
of available subsidy monies each month, a standard 5-day subsidy
withdrawal
date is included in
the estimate, pending signature of contract and deposit, which
prevents the funds from being tied up for extensive periods.
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*
Client Bid System:
If you are not in a rush to get the
renovations done, but you still prefer to have the work performed
through The Renovation Co-op, you may submit your own ":bid
price" for the work.
For further details regarding this self-bid system or our pricing
policies call 416-367-8370.
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