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Updated about 5 years ago on . Most recent reply

Chase Gu's profile image
Chase Gu's profile image
Chase Gu
  • Investor
  • from Sterling, Virginia
  • Member since Nov 25, 2015
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43
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3
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Chase Gu's profile image
Chase Gu's profile image
Chase Gu
  • Investor
  • from Sterling, Virginia
  • Member since Nov 25, 2015
Connect
Chase Gu
  • Investor
  • Sterling, VA
3
Votes |
43
Posts
Multi-Family and Apartment Investing

Question about construction contract

Chase Gu
  • Investor
  • Sterling, VA
Posted

Hi, Everyone: I am about to build a small mixed-use new construction. I need someone to review the construction contract with the general contractor for me: either a lawyer or an online legal service provider. Do you have an recommendation? 


I want the contractor to be bonded and insured. What specific bond and insurance do I require the contractor to have for a new construction? 

Also the general contractor wants a 12% fee for any change order beyond the initial scope. Is it reasonable?

Thank you very much!

Qian

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