Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 2 months ago,
Who pay's utilities while in construction?
Hey BP Community,
Is the first time I am doing a multifamily ground up construction. I hired a GC to manage the build out, but there has been no consensus on who is responsible for the utility payments (Water and Energy).
Now, I know someone could say the cost should be "negligible" couple of hundred dollars a month, in comparison to the whole buildout budget, but still I do want to know what are the best practices out there. The contract I have in place is a fixed sum contract, and in the breakdown there are no utilities. (Didn't catch it on time).
Thanks for sharing your experience!