Why going through a scope of work is important in real estate

[Randall Re II]

A scope of work is a document that outlines the specific tasks, deliverables, and milestones that are involved in a project. In the context of real estate, a scope of work might be used to define the terms of a renovation, construction, or other property development project.

There are several reasons why going through a scope of work is important in real estate:

1. It helps to clarify the project goals and objectives: A scope of work defines what needs to be done, how it will be done, and what the end result should look like. This is making sure they know EXACTLY WHAT YOU WANT. Dummy-proof things. This helps to ensure that everyone involved in the project is on the same page and working towards the same goals.

2. It helps to establish a timeline and budget: A scope of work should include a timeline for completing the various tasks and milestones, as well as a budget for the project. This helps to ensure that the project stays on track and within budget. You'd be surprised how much contractors put wiggle room they don't need into things. A great way is to incentivize it to where they make more or get done faster and can make the same amount. 

3. It helps to avoid misunderstandings and disputes: A scope of work can help to prevent misunderstandings and disputes by clearly outlining the responsibilities of each party involved in the project. If you have documentation saying you wanted white paint, and they paint it black, it's on them, if not, who wins on he said, she said, and who doesn't have hard feelings afterward?

4. It helps to ensure that the project meets the necessary standards and regulations: A scope of work should include any necessary permits or approvals that are required for the project, as well as any relevant standards or regulations that must be followed. Sometimes you don't know, what you don't know and if you demand it done a certain way and wont let the contractor give some advice, you could be shooting yourself in the foot. 

Overall, a scope of work is an important tool for managing and completing real estate projects in a timely, efficient, and cost-effective manner.