Differences between General Contractor and Real Estate Project Developer

Hmm, what is "windy" about that? We don’t have much of a choice with the general contractor (GC) either; the GC just takes the craftsmen he wants, right?! And how else is the project developer supposed to make a fixed price if we could choose the companies ourselves afterwards?!

What do you mean by "conflict of interest"? Of course, he takes the craftsmen/companies from whom he gets the best price for the defined service.

The good thing about the GC is that you don’t have to deal with the craftsmen later for the warranty. Craftsmen work according to VOB, not according to the Building Code (I believe you can say that in general). If electrician x screws up or plumber y goes bankrupt, the GC is still responsible for the warranty. In principle, they could all produce crap and build a faulty house, and then you’d drown in the postage costs for the defect notices, or how should this be understood?

You can also build individually with a GC. Own projects can also be designed. The GC doesn’t like that; then it’s done individually with the craftsman. It depends on the client how they want to get involved with what wishes. That only works with presence and direct contact with the craftsman. You can, but don’t have to. After all, it’s not a property developer. But as I understand it, you don’t want that at all?! Then I don’t understand at all why you have doubts about the GC?!

I’d be interested in the construction performance description of this project. Please post the first 2/3 pages (I hope it’s longer than 10 pages :) )

And if your [GU] goes bankrupt, then you're completely out of luck?

And if your main contractor goes bankrupt, then you're completely left empty-handed?

At least the house stands, even if it has defects. The transfer of the main contractor's rights against his subcontractors can also be arranged. It should be no problem to include this directly in the main contractor contract (it is a common clause anyway). Possible problem thus solved.

A professional impression, what is that: a plaid shirt (to appear like a craftsman) and a leased Cayenne (the man is obviously successful, he doesn’t need to cheat me)?

Whoever were really an authorized officer (which, by the way, can be checked in the commercial register) would not only make price promises but also sign contracts.

10 to 15% is good. Many people find it believable that a clever guy who knows many people deals that as a margin; at the same time, the advantage is not yet so big that alarm bells go off. And the down payment fraud is almost complete.

Even if the guy shouldn’t be criminal: I don’t see him able to give any decisive guarantees in this constellation: for the completion as such, that during the process the participant L comes between K and M (and doesn’t go bankrupt and drop out and afterwards M has no time anymore (or only after the expiry of his offer binding) and you are left with construction progress up to K and that’s it; the developer’s concept no longer works here, he makes the split, and his insolvency administrator wants the contract to be fulfilled further.

If the expected savings were necessary to make your building wish financially feasible, you will not be able to defend yourself in a serious case.

One should become a windegg, there are probably still golden times ;-)