Trademark’s Transparent Process: Project Management Model
Trademark Renovations’ process is based on a project management model, where our project managers will compile a budget with a complete breakdown of all line item costs. The budget is based on drawings and specs, either provided by a sub-contractor that we contract out, or by an independent contractor of your choice.
There are many benefits to Trademark’s transparent process, where our process provides homeowners the ability to compare quotes against the budget, and the homeowner approves the quote prior to the commencement of each stage.
Our process operates with the transparency of builder price/actual cost, plus a management fee (typically 25-30%).
Our transparent process allows for changes to orders and add-ons for your project without premiums, with the same margins as the primary scope of work.
Payment terms are typically scheduled pay periods, based on actual costs in place and work completed. In our transparent process there is no advance payments, except to suppliers for custom ordered products.
The management fee is the only fee, and it is paid directly to the contractor. All payments, except management fee paid directly to trades and suppliers at quoted builder pricing/actual costs.
In the process, there are no holdbacks required. By paying trades and suppliers directly, the homeowner eliminates the possibility of builder liens.