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Ten Commandments of Owner-Builders: V. "How to Get Three Bids from Subs and Suppliers" on MP4 Enhanced

Ten Commandments of Owner-Builders: V.
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Author: Mark A. Smith


How does a repeat owner-builder think about their house, and the subs who built it? The surprising answer from a 7-time OB couple – what did they add or subtract from the project on their way to saving over $100,000 and owning their dream home on the golf course free and clear.

 

Also, a visit to a “beginner” O-B couple who saved $50,000 on their 3,000 sq. ft. starter home. They managed lots of great features for costs of $27 per square foot, completing their house in only four months. Both of these couples offer tips for finding good subs and shopping for construction bargains. How to get “contractor prices” on everything.

 

Mark Smith, author of The Owner-Builder Book, shares the secrets of finding good subs:

 

           Networking and “the funnel” for choosing the best sub for your job.

           The winning secret of simple preconstruction telephone interviews

           Why you should never use the Yellow Pages to find a sub

           What about contractor associations?

           Can you use subs on a moonlighting basis?

           How to figure out what each trade should cost you.

           Should you take the lowest bid?

           Would the “plan room” concept work for you?

           How to break down and compare sub bids with a spreadsheet

           “Round-Robin Negotiating”

           Why a “good” sub last year may not be good this year.

           How to share plans electronically at no cost with bidders

 

Special Bonus! Two “$1,000 Ideas” that will save you more than $1,000 each on your construction and mortgage loans.

 

Run Time: 86 minutes

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