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Updated 16 minutes ago on . Most recent reply

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Irma Leibas
  • Real Estate Agent
  • Indiana
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What is the norm to get a scope of work from a project manager?

Irma Leibas
  • Real Estate Agent
  • Indiana
Posted

I’m under contract for my first house flip and using a hard money loan, which requires a scope of work. I had a general contractor walk the house with me, but I haven’t received a response after a few days. I found another gentleman who is more of a project manager, who isn’t licensed and has been having subs visit the house to get me a bid. He seems diligent, but it’s taking longer than expected. How long does it usually take for a bid? I went under contract on Friday afternoon and walked the house with the project manager on Monday morning. I’m nervous because I have a time frame for the purchase agreement. I can’t close in 15 days; that’s my first mistake! 

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

I don't know what the PM guy has going on...is he working for himself or you, or who? He won't work for free, that's for sure.

I would stick with finding a good GC and let him develop the SOW with you. Go back and forth on it a few times to get it as comprehensive and detailed as possible...this will avoid issues later on in the project.

To develop a good SOW should take only a few days or 2-3 meetings. To get that transferred to a solid budget/bid could take 1-2 weeks ....they have to get subs out to give them a solid number and then compile all this into a contract document that makes sense to everyone.

As the others have said - this is critically important! Take the time to find a really good GC and make sure that your SOW/Proposal/Contract are rock solid and define every detail of the project. PM me if you need any help.

Best of luck!

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