General contracting is often the preferred way for organizations to hire a builder. General contractors:
- Represent the owner’s best interests
- Provide timely estimates.
- Are best engaged early in buy vs. build process
- Provide Clients with a GMP (Gauranteed Maximum Price)
When construction begins general contractors:
- hold subcontractor trade contracts
- guarantee cost, schedule, and delivery.
- arrange for construction draws
- refund construction costs that are less than GMP
- Pay and amount over GMP
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