Do Contractor Savings Pass to the Owner?

[Benjamin Poole]

I'm planning on doing a rehab project from a distance. This may mean a combination of buying materials for the job myself and having a contractor buy materials.

Any tips on setting up a project in such a way so that any cost savings the contractor manages to find on materials (i.e. sales on items or negotiated discounts) get passed on to the overall projects costs?

Same question for when labor comes in less than estimated?

I'm sure the contractor will make sure that any extra costs incurred are passed along!!