Contractor 101 10/06/14

Budgeting: Break things down
  • Contractor works is seasonal in the Midwest, but your business is NOT
  • Request reasonable pricing from contractor for consistent business volume and payment
  • Never accept submitted bids until you have done your due diligence
  • Estimate the rehab cost yourself by breaking down material and labor separately and then find the per hour cost of the labor

Deadline: Things happen
  • Understand that sometimes things are out of the contractor's control
  • Find out exactly what event or thing is causing the rehab delay
  • Sometimes you need to get your hands dirty to get things done
  • Set a timeline and be on top of the rehab steps