Sometimes called construction management; the contractor compiles a budget with a full breakdown of line item costs based on drawings and specifications provided by independent designer or homeowner.
You have the opportunity to compare quotes against the budget and you approve the quotes prior to your commitment of each.
Obtain quotes from long term independent trades.
Operates with the transparency of BUILDERS ACTUAL PRICE COST plus a flat management fee.
Margins typically 25 to 30%
Change orders and extras with no premiums
Payment terms are scheduled pay periods based on actual costs in place and work completed.
No advance payments except to suppliers for custom ordered products.
All payments except management fee paid directly to trades and suppliers at quoted builder pricing. Management fee only, paid directly to contractor.
By paying trades and suppliers directly you eliminate the possibility of Builder Liens.