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re: Contractor payment question
Posted on 11/14/16 at 11:09 am to foj1981
Posted on 11/14/16 at 11:09 am to foj1981
~15% for cost plus, assuming he is a trustworthy contractor and can get the gob done on time and on budget. Get fixed cost estimates from him up-front on everything, and stay on top of it when the bills start to come in. Check to make sure the bills and the estimates are the same, unless YOU approved any change orders.
1
Posted on 11/14/16 at 11:15 am to shiphascomein
quote:
~15% for cost plus,
I'm not in BR but that seems low to me, I'd expect 20-30%. I'm having about a $30k project done and that is what I've gotten bids and a friend/ neighbor of mine that is a GC said that's what he'd charge. Especially with the flooding and them all being busy. From what I've seen 15% is more in line with new builds when you are talking $200k+ projects.
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