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Is there such a thing as a residential project management/consultant company?
Posted on 4/17/19 at 5:39 pm
Posted on 4/17/19 at 5:39 pm
Basically you work for an owner that wants to self-contract and assist them in contracting directly with subs. You help them get pricing, coordination, etc but your only financial interaction is with the owner and the owner contracts directly with each sub. Fee would be $5,000-$10,000 depending on house size how in-depth the owner wanted you to work as
Does something like this exist legally? Would would the legality be? Would you have to be licensed just like a general contractor?
Does something like this exist legally? Would would the legality be? Would you have to be licensed just like a general contractor?
This post was edited on 4/17/19 at 5:40 pm
10
Posted on 4/17/19 at 6:17 pm to poochie
If the owner deals directly with each sub wtf they need you for
Posted on 4/17/19 at 6:46 pm to jralspanky
Among other things:
•Plan/feasibility review
•Subcontract bid solicitation including disbursement of construction documents, collecting and consolidating bids
•Subcontractor vetting
•Assist in permitting (preparation of permit application)
•Subcontractor coordination
•Project planning and scheduling
•Cost tracking
•Site Inspections
General project management things.
Think of it Iike this: Maybe someone wants to self-contract to save money but doesn’t know construction. Basically doing things that someone that wants to self-contract either doesn’t know how to or doesn’t want to.
Instead of hiring a gc for a turn-key project for several tens of thousands they would hire this consultant for guide them through the process and assist as needed.
•Plan/feasibility review
•Subcontract bid solicitation including disbursement of construction documents, collecting and consolidating bids
•Subcontractor vetting
•Assist in permitting (preparation of permit application)
•Subcontractor coordination
•Project planning and scheduling
•Cost tracking
•Site Inspections
General project management things.
Think of it Iike this: Maybe someone wants to self-contract to save money but doesn’t know construction. Basically doing things that someone that wants to self-contract either doesn’t know how to or doesn’t want to.
Instead of hiring a gc for a turn-key project for several tens of thousands they would hire this consultant for guide them through the process and assist as needed.
Posted on 4/17/19 at 7:08 pm to poochie
Seems like a legit idea
Posted on 4/17/19 at 7:11 pm to poochie
Owner-Builder Network in Shreveport.
Posted on 4/17/19 at 10:38 pm to poochie
You would be acting as a Project Manager which is a real thing. You would have a contract with the Owner and could handle anything from design phase, pre construction(identity subs, etc like you stated) and construction phase. Definitely exists but normally done on commercial projects.
I would call the Louisiana Contracting board and ask if you need a license for that. I don’t know if there is a specific license but if all the contracts are between the Owner and Subs I don’t think you run afoul of contracting without a license. Double check that obviously.
I would call the Louisiana Contracting board and ask if you need a license for that. I don’t know if there is a specific license but if all the contracts are between the Owner and Subs I don’t think you run afoul of contracting without a license. Double check that obviously.
Posted on 4/18/19 at 6:34 am to poochie
It’s certainly a viable idea, but I don’t know if there’s enough money or business in it to work.
The problem is you are basically going after the people that are too cheap to hire a GC but want/ need a GC. So it would be a HUGE headache for yourself as they would expect the world from you.
The key would be coming up with very very Clear contractual obligations that your customers could accept. I’m just not sure you could do that.
The problem is you are basically going after the people that are too cheap to hire a GC but want/ need a GC. So it would be a HUGE headache for yourself as they would expect the world from you.
The key would be coming up with very very Clear contractual obligations that your customers could accept. I’m just not sure you could do that.
Posted on 4/18/19 at 7:38 am to poochie
Yes. I have friends who do it but I don’t know if anyone in LA. One does it in California and another did it in MS post Katrina.
The California one does like $20mm + houses where the owner is rich and wants it done on time.
I find it hard to break in to the smaller guy - they just don’t want to spend the $ on pm.
It’s the same in industry - the big companies recognize and see the value. The smaller companies usually don’t want to spend the money on cm/pm and don’t. Their guy screws it up big time and they spend way more on delays / change orders and there’s egg on everyone’s face - so they gloss over it to management and nothing changes.
The California one does like $20mm + houses where the owner is rich and wants it done on time.
I find it hard to break in to the smaller guy - they just don’t want to spend the $ on pm.
It’s the same in industry - the big companies recognize and see the value. The smaller companies usually don’t want to spend the money on cm/pm and don’t. Their guy screws it up big time and they spend way more on delays / change orders and there’s egg on everyone’s face - so they gloss over it to management and nothing changes.
Posted on 4/18/19 at 8:18 am to baldona
quote:
The problem is you are basically going after the people that are too cheap to hire a GC but want/ need a GC. So it would be a HUGE headache for yourself as they would expect the world from you.
This is the reason that this business model doesn’t exist.
Posted on 4/18/19 at 8:45 am to Booyow
quote:
This is the reason that this business model doesn’t exist.
It actually does exist at the price range in noted in south Louisiana, just not legitimately. I've been approached by two folks that do this essentially under the table cash. I'm asking more what would be required, license wise, to do this on the up and up as a side job.
Posted on 4/18/19 at 9:16 am to poochie
Posted on 4/18/19 at 9:27 am to poochie
I tried to hire a guy who does that exact thing last year and I couldn’t build a package for him that could compete with the upside he has doing it himself
he reviews the plans, hires the subs, manages the site, and basically does everything a GC would do, except the owner is the GC and thus takes on the risk. He’s making money hand over fist and has a waiting list
he reviews the plans, hires the subs, manages the site, and basically does everything a GC would do, except the owner is the GC and thus takes on the risk. He’s making money hand over fist and has a waiting list
Posted on 4/18/19 at 9:28 am to cgrand
Is he legitimate or under the table?
Posted on 4/18/19 at 9:32 am to poochie
ahh louisiana, puttin the good ole dick to ya...
From the Affadavit Claiming Exemption from Licensure:
From the Affadavit Claiming Exemption from Licensure:
quote:
S/he acknowledges that s/he will undertake and superintend the construction project, and that s/he will be prohibited from hiring an unlicensed subcontractor to superintend, manage, provide advice, or otherwise act as a contractor for this project.
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.
Posted on 4/19/19 at 9:12 am to LSUtigerME
quote:
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.
This would basically be my model. Helping to guide the owner in the right direction.
Posted on 4/19/19 at 9:40 am to poochie
“Consultant”... literally the insurance nightmare.
Posted on 4/19/19 at 11:38 am to poochie
He’s legit
He charges a set % of contract value
He charges a set % of contract value
Posted on 4/19/19 at 4:25 pm to cgrand
Nothing legit about that whatsoever
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