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When do we bring the contractor out on a 203k project
Many times the contractor is the borrower's first line of defense. They bring a contractor to the site and together they decide what is needed to bring this property to the condition they would like to see it. Many times that includes the health and safety issues but not always.
As a 203k consultant we like to be the first one on the job so we can develope the "scope of work" that the contractors bid on. This way they all bid the same list. There isn't a week that goes by that I get the contractor's bid, work up my scope of work, send it to the contractor only to hear... you have allot more items on this than I bid on. Then they start crossing of the additional items only to find out that we have to add those to the bid and it frankly wastes time trying to school each contractor and it gets old. it might be the first time that contractor has heard this but it the 4th time this week I've had to say it. By having us create the "scope of work" then have the contractor bid the job this situation doesn't typically exist.
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