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re: Is there such a thing as a residential project management/consultant company?
Posted on 4/18/19 at 4:26 pm to poochie
Posted on 4/18/19 at 4:26 pm to poochie
Construction is still mostly slammed. I don't see the reason to do this full time when you can just be GC? You could be a GC for 1/3-1/2 or less as many people and projects and make the same amount of money.
Furthermore, the reason you hire a GC is 2 fold for the most part and what you are proposing is leaving out the most important.
1. planning and know how of project
2. knowledge of subs and ability to make them show up
If you aren't the GC and they are actually working for someone else, what motivation do they have to show up? You remove that motivation and it falls apart.
In a huge market I can see it. But most places, I don't know how you'd make the money.
Furthermore, the reason you hire a GC is 2 fold for the most part and what you are proposing is leaving out the most important.
1. planning and know how of project
2. knowledge of subs and ability to make them show up
If you aren't the GC and they are actually working for someone else, what motivation do they have to show up? You remove that motivation and it falls apart.
In a huge market I can see it. But most places, I don't know how you'd make the money.
Posted on 4/19/19 at 8:53 am to baldona
There’s certainly a few people who do this, and I think the “legality” aspect of it depends on their level of involvement. Some are licensed, some are not.
If they are acting as a project manager, it’s probably less legal to the Board than if they are simply consulting. One of the guys I know gets shunned by GCs in the area and has been under investigation by the board. However, he’s heavily involved and basically acting as GC for side money.
The other, is simply a consultant. He charges like 5%, and does not get too involved. He is simply there to help YOU manage the build. He provides advice on timelines, scheduling subs, and contacts for contractors to use while leveraging his name. However, you hire them, schedule them, pay them, deal with issues, etc. It’s like paying a guy who’s done it multiple times to be your buddy while you build.
If they are acting as a project manager, it’s probably less legal to the Board than if they are simply consulting. One of the guys I know gets shunned by GCs in the area and has been under investigation by the board. However, he’s heavily involved and basically acting as GC for side money.
The other, is simply a consultant. He charges like 5%, and does not get too involved. He is simply there to help YOU manage the build. He provides advice on timelines, scheduling subs, and contacts for contractors to use while leveraging his name. However, you hire them, schedule them, pay them, deal with issues, etc. It’s like paying a guy who’s done it multiple times to be your buddy while you build.
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