Contractor Compensation Question

[Joshua Wolpe]

I'm new to the site and had a question about GC compensation on a flip in Denver.  I have a contractor (good guy, have worked him in before, he's in demand on projects).  I'd like to work off a partnership with him to provide the most possible incentive, and I'm looking for the best structure to accomplish that.  While I'm providing all the funds for the purchase and rehab, I do think it's in my best interest to provide some percentage of the profit; and perhaps tie some incentive to staying on, or coming in below, budget.  Denver is a pretty hot market, and good contractors are hard to come by.  Any advice you have would be greatly appreciated.  Thank you!