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Updated over 8 years ago on . Most recent reply

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9
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5
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Kimberly Fox
  • Pine Bluff, AR
5
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9
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Timeline

Kimberly Fox
  • Pine Bluff, AR
Posted
I've been working with a contractor on my first 4-plex. They are doing nice work but they are moving slow. Do you have any suggestions that I can use in future contracts to speed up the process?

Most Popular Reply

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Chris T.
  • Investor
  • Downers Grove, IL
955
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1,639
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Chris T.
  • Investor
  • Downers Grove, IL
Replied

@Kimberly Fox

Put in the SOW and contract the date of completion, make sure both parties sign it. And put in penalties per day if they go past the dateline. 

You could also add an incentive that if they complete it earlier, you will pay XXX on top of the bid. 

However, make sure it's a realistic time frame. Good contractors are tough to find but you also need to hold them accountable. 

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