Roles of a.partner/GC in a buy and hold

[Josh Tonecha]

Im wondering if I am over thinking things or have legitimate concerns... ( my partners both disagree with my view) We have (my partners and I) eyed up a larger rehab where we will be gutting and totally rehabbing a larger commercial space and converting it into apartments that we will all hold as equal partners once completed. The lending will be hard money and the timeline tight. of the 3 partners we have a RE Broker, a GC, and myself a full time investor. The thought amongst the broker and the GC is that if the GC is not busy on his own jobs, he will take what work he can for our building and save us money by offering a better price vs the quotes we may get. My thought is while that sounds great on paper, if we end up not finishing on budget and the contractor now has 20k of our budget (hypothetical number) in his pocket, and we end up bankrupting and closing the door on this venture, there would likely be bad blood about him having profited well while our business folds up. I see a strategy where his expertise is leveraged to oversee that bids are in the right ball park and work is being done properly as well as compliance type issues (permits and such) are all in order. Any work needing done could be done by all of us as sweat equity as weekend projects and no one profits. Someone tell me if Im being petty or if this is actually a wise thought. Also open to hearing totally different perspectives. Thanks!