Should My GC Partner Do The Renovations?

[Quy Huynh]

There is a property I have 3 other partners who want to invest with me on. The 3 partners don’t know each other and I’m putting the deal together for us.

The property a $1M retail building that needs exterior renovations of about $200K. All 3 of us are funding the deal equally. Of the 4 total partners, 1 of them is a GC.

My question is I am unsure if having the partner who is a GC propose to do the work on the building is a good idea or not. My concern is the inability for us to shop pricing since the GC partner will feel he should be the one doing the work because he’s “an owner”. On one hand, this may be a conflict to the group, but on the other, we’ll know the work is done right and the property will be at the top of his list everyday.

I am wondering how my peers on Bigger Pockets would handle it or have possibly handled GC partners in the past. 

Thanks for your input!