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Posted on 4/11/23 at 2:37 pm to MikeBRLA
quote:
Only if it was a cost plus build…otherwise, not my problem.
Most of the contracts would have a draw at about 60% completion. Builders ain't dumb...they going to front load that draw to cover costs because cash is king. They also ain't likely to start with the extra expenses until after that draw...because they pretty much got you by the short hairs. If you do find a builder who does not have a draw at 60% you have another issue...you are paying way more than it should have been to begin with because a successful builder who has survived more than a few years ain't floating your project with his money for more than about 30-60 days.....if that builder is willing to wait until the project is complete and bought off on he knows the project is a sho nuff money maker.....
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