Contractor/Investor Relationship

[Tony Ibarra]

What are some things investors look for in a contractor? Throw a few ideas my way!  Just looking to improve the way I do business.

[Matthew Maggy]

Ask for a written proposal with a detailed, clearly defined scope. If the Contractor doesn't want to deal with paperwork and wants to do business on a hand shake, that won't fly. Make sure a contract has provisions for conflict resolution, retainage, payment schedule, etc. You must have a full, complete written scope, otherwise a dishonest Contraactor will come in low and cry "Change Order" for something that was vague in your verbal discussions.

If they don't want to put things in writing, don't use them.