In a special edition of Learning with GRIT, Sean Pincus sat down with iFC for their Quick Tips series. He shared the best practices of working with a general contractor—proper preparation, risk and liability, communication, and cost overruns and delay prevention.
Tip #1—Proper Preparation Prevents Poor Performance
🔹GRIT was built on this important principle.
🔹It is important to provide the best information you can to your general contractor such as, documentation for permits, plans, etc.
🔹Well developed information will help your GC develop an accurate price.
Tip #2—Manage Your Risk and Liability
🔹Make sure your GC has the proper insurance to cover the project and all other projects they are working on concurrently.
📑 Contracts need to be ironclad for subcontractors, general contractor, and any other partners involved.
*** Obtaining release of liens from subcontractors to protect payments from Owner and GC.
Tip #3—Communication is Key 🔑
🔹Before we start any project with our clients, we sit down and have an open dialogue to make sure their expectations are met.
🗣It is essential to have pre-construction meetings, including on-site meetings to make sure all parties fully understand the ins and outs of the plan.
❗️Make sure you are getting the communication you want—daily, weekly, or monthly.
Tip #4—Prevent Cost Overruns and Change Orders
🔹Proper preparation is essential for a successful project.
🔹Review plans with your GC.
*** Become an expert of your plan.
❗️This is a game changer because it will prevent from having to make field changes as you progress through the project that will cause delays and cost overruns.
For the full interview: Quick Tips with Sean Pincus