Commercial Rehab Project

[John Ozasi]

Considering a buying a owner use commercial retail pad that is in really rough shape and requires a full rehab. This is the first I have gotten on this project and have no prior experience. Any help and input would be appreciated. Attached is the full breakdown of the estimate.

Here is the hyperlink ===> Rehab Bid

Thank you,

John Ozasi

[Manolo D.]

There are some items that are really heavy for this project, I see something like engineering, electrical, hvac, and a couple more items. I don't see any t-bar ceiling line items. I see a lot of unsure items that amounts to 60k (Add:). I hope I'm right but you have an item there says allowance, it means that if you don't use it, it's yours to be deducted to the contract, and if so, what are your basis? What if your contractor says 10k for a 3k work? For this kind, the contract will be a little more complex, clients should choose either fixed price or pre-determined time and material clause on change orders in my opinion. Usually these are metal stud partitions, and having a jewelry store as a tenant, the contractor should know that some of the walls need to be beefed up. It's a little heavy in my eyes but I only see the estimates nor the building/scope of it. I say take a look more works above the ceiling, it's practically empty, and if not, it is better to empty it and put a new t-bar ceiling grid than working around old grid and preserving it. Putting new t-bar grid is much cheaper and much nicer for this big of a project.