Why 3 quotes is important when getting work done in blocks?

1. Value for Money
   • Comparing multiple quotes helps ensure the Owners’ Management Company (OMC) is not overpaying. It allows for fair market pricing and helps identify any inflated or unusually low bids that may signal poor quality.
2. Quality Assurance
   • Different contractors may offer different materials, timelines, warranties, and levels of service. Reviewing several options helps assess who offers the best balance of cost and quality.
3. Transparency & Governance
   • Seeking multiple quotes protects the OMC and its directors by showing that decisions were made fairly and without bias. It demonstrates accountability to unit owners and reduces the risk of disputes or claims of favoritism.
4. Due Diligence
   • Especially when service charges are funding the work, it’s essential to show that the money is being spent responsibly. Multiple quotes support better decision-making and help avoid unnecessary costs in the long run.

✅ Summary:

Getting three quotes promotes fairness, quality, and financial responsibility—key pillars for managing shared property efficiently and transparently.