GC bid attached. What can I learn from this? San Antonio, TX

[Corbett Brasington]

So this is my first property to have a GC I am building a relationship with give me a full cost breakdown structure (which I paid him $250 for, as I wanted it to be worth his time as I might need a ton of these before he gets work).  

House went under contract today so I don't know how long this link will work but https://www.zillow.com/homedet... is the link to the property.

As a new investor my goal for the next 12 months is learning.  Total immersion by taking action.   I do not want to be in the business of being a GC.  

That said....what can I learn from this?

• - Are the prices too high or low?
• - The format of this does not include materials....should I have a consistent format that the GCs need to comply with?
• - There is no concept of lead time on items.  Do I need this to help reduce my risk on supply chain things? Do I just trust the GC to source the vendors to get it on time?

What I have learned.

1. Nothing beats going on site. The pictures did not represent the amount of work this home needed.

2. Seeing how the GC approached looking at the property did give me confidence. He was very thourough.

3. Trying to take picture with my phone, and talk, and write things down while at the property was....really cumbersome. I need a tool kit or something.

4. I started outside but I think next time I rather would start going inside....rough sketching the floorplan and then using that like a punch list markup to capture all the things.

5.  I really feel like I need some onboarding checklist or something for GCs.

Any feedback about the bid would be helpful. I have the BRRRR analysis of the property I can share but don't want to overwhelm the post.