Corporate Office Renovation Cost without busting the budget, 2023 | Hong Kong

One of the biggest mistakes in office renovation is underestimating how much it will cost to renovate a office.

Why you must have a Office Renovation Cost Budget | Hong Kong

It’s important to have a precise budget in place right from the beginning, share this budget with your contractor so they know where your renovation budget lies and not to go over it. A good contractor will respect this budget and only suggest materials and designs that will fall within this budget.

How big or small your office renovation budget is will affect the design of the office and quality of materials used.

Do you have a tight office renovation cost budget? | 2023 Hong Kong

If you have a tight budget then its important to keep in mind you won’t be able to have an extravagant design with high quality materials. There needs to be some sort of compromise, such as a great design and average materials that are manufactured in china without the EU certifications.

This will decrease your renovation cost while at the same time allow you to have a good-looking office. Although due to the low quality of material used, don’t expect the perfect finishing’s to last long. Your office renovation contractor should go over the pros and cons with different materials before final decision is made.

Some companies prefer quality over expensive design and forgo fancy back office areas. It really depends on the office renovation cost you have set as your budget.

Once the renovation project starts there will be unexpected variation orders and additional costs that will be involved.

The initial price on the quotation from the contractor will rarely be the actual cost that will be paid.

Its also important to have a 10-15% buffer to cover extra materials or additional variation work during the construction.

Things to remember with estimating office renovation cost | 2023 Hong Kong

When assessing the cost of an office renovation project, don’t forget to take into account breakages and unexpected costs such and labour surcharges if the office renovation project needs to be completed within a deadline.

To make the quotation look more appealing some contractors exclude certain items from the quotation and then add them back as a variation order after the client as signed the quotation.

Don’t always go for the cheapest quotation as its likely the contractor has purposely excluded important items. Its important to understand what is included and what is excluded in the quotation and understand building managements conditions about nominated contractors and mandatory inclusions such as fire services.

Besides excluding items on the quotation, some contractors will charge less but have a history of lower quality work, therefore its important to hire skilled and experienced contractors with a good reputation for your office renovation project. It is worth investing a little bit of extra money on reputable and experienced contractor, to ensure the project is completed properly and within budget.

Office Reinstatement Cost 2023 | Hong Kong

Its also important to keep in mind office reinstatement costs when renovating your office. You will need to reinstate the office when your are returning it to the landlord.

For more information on office reinstatement click here.

ORC provide office reinstatement services, check out our office reinstatement gallery here.

Office Renovation Cost 2023 Example

An office renovation project in Hong Kong can cost anywhere between HK$420 per square feet – HK$1500 per square feet.

The price has such a large range which largely depends on your office design, brand name furniture and quality of materials.

A 2500 square foot space can range from HK$2,125M (at $850/sqft) to HK$3.75M (at $1,500/sqft).

For more information on ORC office renovation services click here

Choose ORC for your next office renovation project

ORC takes the time to understand the requirements and budget for your office renovation. We are upfront with our pricing with no hidden costs. Our experienced team ensures your office fit out project is completed seamlessly. Reach out to us for more information cs@officerenovationcontractor.com.hk