Updated about 8 years ago on . Most recent reply
GC Cost + Percentage
Dear fellow Bigger Pockets members,
Finalizing a renovation of a 90 yr old apartment building. Feel most comfortable with a Cost + job with my GC as it allows me to get multiple bids for each line item and to review them and beat down the price etc. GC has a great reputation but I am unsure of his Cost + rate.
What is a fair Cost + percentage for a GC to charge on a $1M+ Project renovation in SE Florida Market?
Most Popular Reply
I think your approach may be a bit off. The reason to work on a cost + fee percentage isn't to beat down pricing. It's for full disclosure and allowing you input on how the project team is put together. You are going to have a difficult time building trust and finding someone to work with you if the main objective is to beat down cost. Look at it as a method to maintain some level of control and disclosure and you won't be disappointed.