Avoid These 4 Construction Pitfalls with Olympus Contracting’s Expertise
1. Reliable Timelines
You’ve probably heard, experienced, or dread the headache of dealing with contractors failing to meet deadlines, causing delays and disrupting your rental income or refinance timeline. Fear not, Olympus Contracting creates detailed project timelines based on REAL timelines from REAL projects. These project plans/schedules are reviewed weekly in our Weekly Project Scheduling Meeting that involve our project manager, site supervisor and experienced company leadership.
2. Stay on Budget
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Are you worried about exceeding your budget while investors eagerly await their first dividends? You’re not alone—we’ve been there too. To alleviate these concerns, we’ve developed a detailed and comprehensive project estimate template that covers nearly every aspect of your property renovation.
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At Olympus Contracting, we also use historical data from past projects to validate our estimates, ensuring they are realistic and achievable. Additionally, we always include contingency funds to cover unexpected costs that can’t be anticipated during site visits (unfortunately, we haven’t figured out how to get x-ray vision to see behind those pesky walls).
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Still not convinced? We also track our budgets regularly throughout each project to monitor overspend and underspend, re-allocating funds as needed. This helps us maintain tight control over costs by continuously discussing the budget and identifying cost-saving measures to keep the project on track.
3. Quality & Durability
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What does your repairs and maintenance budget look like for your investment property? Want to avoid frequent or costly repair bills? Our material selections include a list of
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At Olympus Contracting, we’ve developed a rigorous 300+ quality control checklist that ensures every aspect of your renovation meets the highest standards. This checklist is time-tested and includes input from our property maintenance team at Olympus Property Management, helping to prevent common repair issues before they arise.
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At Olympus Contracting, we also leverage our extensive experience and lessons learned from past projects to continually improve our quality processes. This ensures that our work is not only aesthetically pleasing but also durable and functional. Additionally, we conduct regular inspections at every project stage to catch and correct any issues before they become major problems.
4. Timely Communication
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Have you ever been left in the dark regarding project progress, potential delays, or unexpected issues? Effective communication is essential for building trust, and we understand that. That’s why we give our clients access to their project schedule through our project management software, ASANA. This provides you with clear visibility on the schedule and allows you to see tasks being completed in real-time.
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At Olympus, we also use a WhatsApp group to communicate progress, send photos, and answer any questions you may have. Additionally, we set clear communication plans at the start of each project, ensuring that our site supervisors and project managers keep you updated on project status and respond to your inquiries promptly.
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ABOUT US
Welcome to Olympus Contracting – where your home and investment dreams become reality! We’re not just a leading residential contracting company; we’re your ultimate home transformation and investment enhancement gurus.
Our in-house dream team handles everything from the first spark of an idea to the final nail, ensuring your project is seamless, stylish, and super-efficient. Quality? Check. Visual appeal? Double-check. Value-packed performance? You bet!
Whether you’re a savvy property investor or a homeowner with a vision, we’re all about boosting your property’s value and transforming your living spaces into something truly spectacular. At Olympus Contracting, we sprinkle a little bit of magic and a whole lot of dedication into every project, always putting your satisfaction first.
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OUR 5-STAR GUARANTEE
1. Budget & Transparency Guarantee
We guarantee to provide detailed and accurate cost estimates upfront, ensuring transparency and minimizing surprises throughout the project.
2. Timeline Precision Guarantee
We guarantee to provide accurate start and completion dates, keeping you informed weekly and your project on track every step of the way.
3. Trustworthiness Assurance Guarantee
We guarantee to use only trusted professionals with the appropriate licenses and qualifications, ensuring your project is in safe and reliable hands.
4. Communication Excellence Guarantee
We guarantee clear, consistent communication and maintain an effective line of dialogue throughout the building process, keeping you informed and involved.
5. Tailored Quality Guarantee
No matter the quality of finish your budget allows, we are dedicated to delivering workmanship that meets your standards. Whether you’re aiming for high-end luxury or cost-effective durability, we ensure your project will exceed your expectations.
2021
Year Established
$2.5M
Construction Cost & Counting
12+
Skilled Professionals
100%
Dedication to Quality
HOW WE WORK WITH YOU
OUR PROCESS
Step 1: Reach out to us
We understand that your time is valuable, so we will promptly respond to your inquiry and schedule a call with the owner to discuss your needs, project goals, and timeline. This initial contact allows us to understand your vision and ensure that our team is the right fit for your upcoming project.
Step 2: Call with owner
During our conversation, we will delve deeper into your project requirements, budget, and timeline to align our understanding with your vision. This step helps us establish clear communication and sets the foundation for a successful collaboration.
Step 3: Schedule site visit
After our initial discussion, we will schedule a site visit to further assess your project needs and goals. This visit allows us to understand the scope of work required and provides an opportunity to discuss any specific requirements you may have.
Step 4: Determine scope of work and goals
During the site visit, we will work together to define the scope of work for your project and establish clear goals. This step ensures that we are aligned on the project requirements and can move forward with a shared vision.
Step 5: Detailed budgetary estimate
To ensure we provide an accurate and comprehensive quote, we offer a detailed estimate for $150-500 CAD. This investment ensures that proper time is dedicated to understanding your needs and providing an accurate assessment of the project’s scope, materials, labor, and potential challenges. Plus, the cost of the detailed estimate is credited back to you on your first invoice, so you can ensure efficient use of your hard earned capital.
Step 6: Project planning and kickoff
Once the budgetary estimate is approved, we will begin the project planning phase. This includes finalizing the project timeline, obtaining necessary permits, and preparing for construction kickoff. This step sets the stage for a smooth and efficient project execution.
Step 7: Execute construction plan
With the project planning in place, we will begin the construction phase of your project. Our team will work diligently to bring your vision to life, following the agreed-upon timeline and quality standards. Throughout the construction process, we will keep you informed and involved every step of the way.
Step 8: Project closeout and completion
Upon completion of the construction phase, we will conduct a thorough project closeout to ensure all details are finalized and the project meets our quality standards. We will address any remaining items, provide professional cleaning services, and prepare for your move-in day. Our goal is to deliver a completed project that exceeds your expectations and provides you with a beautiful new space to enjoy.
At Olympus Contracting, we pride ourselves on our project management abilities that result in projects being completed quickly and efficiently. Our How We Work With You process is designed to guide you through each step of your project, ensuring clear communication, quality workmanship, and a seamless construction experience.
Looking to Maximize the Value of Your House?
At Olympus Contracting, our skilled team excels in exceptional renovations and thoughtful additions, with a strong background in real estate investing. We understand the importance of making profitable improvements to your property. Trust us to elevate your home’s worth and turn your vision into reality, ensuring every enhancement is both strategic and impactful.
FAQ
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Are you licensed and insured?Yes, we are fully licensed and insured. Our team is committed to maintaining the highest standards of safety and professionalism on every project.
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How do I get a quote for my project?We offer two types of quotes to accommodate your needs: a complimentary budgetary estimate and a detailed quote. Budgetary Estimate: This is a preliminary, complimentary assessment to give you a general idea of the potential costs based on your project description and requirements. Detailed Quote: For a thorough and accurate assessment, we charge between $150-$500. This detailed quote includes a comprehensive analysis of the project’s scope, materials, labor, and potential challenges. The fee for a detailed quote ensures that we can dedicate the necessary time and resources to provide you with a precise and tailored plan for your project. You can request either type of quote by contacting us through our website, calling our office, or emailing us. We will arrange a consultation to discuss your project requirements and provide the appropriate estimate or detailed quote.
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What is the typical timeline for a renovation project?The timeline varies depending on the scope and complexity of the project. During the initial consultation, we will provide an estimated timeline based on your specific needs.
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Who will be managing my project?Each project is managed by a dedicated site supervisor who oversees the day-to-day operations and ensures that everything runs smoothly. We also have project managers who are experienced professionals committed to delivering high-quality results and helping organize the long term scheduling/project timelines.
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How do you handle unexpected issues during a project?We address unexpected issues promptly and transparently using our 1-3-1 problem-solving method: we identify 1 problem, present 3 potential solutions, and provide 1 recommendation. This approach ensures that we consider multiple options and choose the best course of action for your project. Additionally, we use a change order system to document and communicate any changes or issues with you. This system helps keep everything organized and ensures you are informed and involved in the decision-making process throughout the project.
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How do you ensure the quality of your work?We maintain high standards of quality in a few different ways: Using a comprehensive 300+ point quality control checklist throughout the entirety of our projects. This ensures that every aspect of the project meets our rigorous standards. We also leverage our network of top-rated sub-contractors who are masters of their craft when it comes to certain aspects of your project. These highly experienced professionals bring high levels of quality with their craft, providing you with a great product, every time. We also have an internal “learn from experience” process that reviews each project upon completion to capture and document quality improvement ideas and processes. This continuous feedback loop helps us refine our methods and deliver exceptional results.
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What payment methods do you accept?We accept various payment methods, including checks, credit cards, and electronic transfers. Specific payment terms will be outlined in your contract.
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Do you offer financing options?Yes, we offer financing options for qualified clients. Please contact us for more information about our financing programs.
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What warranties do you provide?We provide warranties on our workmanship and the materials we use. Specific warranty details will be included in your contract.
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How will you keep me updated on the progress of my project?We maintain open lines of communication throughout the project through instant messaging platforms, emails and project update reports. You will receive updates from your project manager based on what was agreed upon at the start of the project, and we are always available to answer any questions you may have along the way.
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Can I make changes to the project after it has started?Yes, changes can be made, but they may affect the timeline and cost of the project. Changes are discussed with the project manager and site supervisor so that a Change Order can be made outlining the price and timeline effects of the change(s).
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How do you handle project clean-up?We ensure that all work areas are cleaned and debris is removed at the end of each day. We always employ a great construction cleaning company and cover our work areas with protective mats/paper.
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What should I do to prepare for a renovation?Preparing for a renovation is all about planning and setting clear targets. Start by defining your budget range, project timeline, and the scope of work you want to be completed. It’s helpful to have some initial targets in mind before talking with your contractor to ensure your expectations are realistic given the latest costs of materials, equipment, and labor. One of the best ways to align your budget, scope, and timeline is to have blueprints or drawings created for your project. Olympus Contracting is here to help when it comes to having plans drawn up for your upcoming project. Creating drawings/building plans helps communicate all the details clearly and ensures your project price is accurate and comprehensive.
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Do I need to be home during the renovation?It is not necessary for you to be home at all times during the renovation. However, we may require access to your home and encourage you to check out the project frequently to ensure things are turning out as you envisioned
Book A Call
Hi, I'm Matthieu.
With extensive experience in executing investment property renovations, I understand the importance of getting things right the first time. I’d love to help you achieve a hassle-free, timely execution for your
investment property project. achieve a hassle-free, timely execution for your investment property project. Let’s get started so you can sit back, sip mojitos, and enjoy your investment returns!
I invite you to reach out and we’ll get you the details you need to get things started.