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Bill Williams 's Forum Posts: 2

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By Bill Williams in Bryan, TX on 4/1/2009


I came across a GC who charges a flat fee of $10 per heated square foot for managing the project.  He bids out the subs, has the job inspected throughout and seems very interested building a quality house and saving the owner money. 

All invoices go directly to the owner for inspection and payment.  The owner makes the draws from the bank. Anyplace the owner can find subs, materials or do the work himself in order to save money is welcomed. 

I would appreciate any opinions on such a strategy and where there are potential risks. 

Thanks,

Bill


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By Grant in Woodlands, TX on 4/1/2009


We used Owner-Built Custom Homes in Magnolia, Texas, and were happy with the results.  We attended  building seminars with a couple of A&M Professors who were using them as their builder in College Station.  They manage  projects to completion but I don't know that price.  We paid $2.80 sf, for consulting, subs discounts and the loan. I wouldn't pay $10 a sf,  I only paid $68 sf for the entire project including the $2.8 fee! 

Grant

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Bill Williams 's Forum Posts: 2

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By Bill Williams in Bryan, TX on 4/2/2009


Grant, thanks for the information.  I thought $10 a foot seemed a bit high.  $68 a square foot is a great price. 

I believe Owner-Builder Custom Homes was at a local building expo a few weeks back here in Bryan College Station.  I will check them out.

Bill


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