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Updated over 7 years ago on . Most recent reply

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452
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Lynn Currie
  • Investor
  • Austin, TX
309
Votes |
452
Posts

Custom Projects, Banks, and Pricing Structures, and Contracts

Lynn Currie
  • Investor
  • Austin, TX
Posted

Hello BP,

Do any of you work with lenders on a cost + basis?  If so, when the bank puts their version of the buyer/GC agreement in front of you, do they make it a fixed-price contact? If so, how do you handle?

I'm finding that the banks ask for a copy of our signed contract before the client's loan goes through underwriting, but then they present me docs to sign as closing that do not align with the contract. 

@Karen Margrave have you seen this?

Most Popular Reply

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7,626
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4,161
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Karen Margrave
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
4,161
Votes |
7,626
Posts
Karen Margrave
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
ModeratorReplied

@Lynn Currie I don't do contract jobs for others, so far I've just done our own projects. Seems contradictory though. 

  • Karen Margrave

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