GC Scope of Work Needed for Loans

3 Replies | Chicago, Illinois

Helllloooo BP in Chicago.  Your newbie needs your expertise and experience.  How long will does it take to write up a needed scope of work to present to the bank, rough guidelines would be very helpful.  Also, what should I expect to see on the sheet/form?  Thanks for your assistance.  

A day, max. Especially from a GC who actually knows what he’s doing. Unless he need to call in the subs to get prices from them, it shouldn’t take long for a GC to know what his crew will charge him 

@Calvin Lipscomb what you should expect to see is a nice, clean PDF breakdown of material and labor costs for the job, broken down into phases and rooms. A good chunk of items will have to be estimate/not exact because they don’t know what cabinets, flooring, light fixtures you’re using so there’s now way to be penny-precise on that but they should have some pretty good estimates as to what granite countertops, flooring, cabinets are going to cost you. Drywall is drywall, grout is grout, PVC is PVC...hard pipe is hard pipe,  and so on...so it’ll either be the Home Depot price or LOWER if they have some kind of hookup/discount

Originally posted by @Jarrell D. :

@Calvin Lipscomb what you should expect to see is a nice, clean PDF breakdown of material and labor costs for the job, broken down into phases and rooms. A good chunk of items will have to be estimate/not exact because they don’t know what cabinets, flooring, light fixtures you’re using so there’s now way to be penny-precise on that but they should have some pretty good estimates as to what granite countertops, flooring, cabinets are going to cost you. Drywall is drywall, grout is grout, PVC is PVC...hard pipe is hard pipe,  and so on...so it’ll either be the Home Depot price or LOWER if they have some kind of hookup/discount

 Thank you very much.