Structure of General Contractor (GC) Incentives

[Cory Tuck]

I was wondering if anyone has come up with a successful agreement that aligns the interests of the owner and general contractor.  I was looking to "partner" with a GC to work on some rehab deals.  I want to set-up a structure so that I can align my interests with the GC.  If I pay x% of a rehab budget then they are incentivized to spend more on a project not less.  I am looking for this to be a long-term arrangement over multiple properties with the same person, so I want the agreement to be "fair" and rewarding to the GC.