Is the general contractor payment plan acceptable? Thanks for tips

2020-09-24 08:40:20

yes, she needs it, but the amount does not have to correspond to the total amount of the construction costs. This is then an additional document where you additionally enter incidental construction costs and, for example, upgrades. This construction cost breakdown can also be stamped by your general contractor.

So I can only secure the financing once the consumer contract is signed anyway?

2020-09-24 08:40:43

Based on experience, you will only know the final costs during/at the end of the construction project, so you won't be able to get it exactly right in advance anyway.

2020-09-24 08:41:43

So I can only secure the financing once the consumer contract is signed?

No, the contract draft (not signed) plus the service description/offer is sufficient for the bank initially. You then submit the signed contract after it has been concluded.

2020-09-24 08:43:11

I suspect if you don't have a separate architect who estimates the costs, then yes. Although it could also be that an offer with an acceptance deadline until the end of the year might be sufficient... but I don't know.

2020-09-24 08:43:20

If your advisors did not explain this to you, I would have even less trust in their "commitment."

2020-09-24 08:44:35

Correct, all questions that a good consultant clarifies in advance. At least a capable one can answer upon inquiry.

Is the general contractor payment plan acceptable? Thanks for tips

Ybias78

K1300S

K1300S

Tolentino

K1300S

Tolentino