BRRRR Legal Tip how to Get Contractors to Finish Your Projects on Time

BRRRR Legal Tip of the Week: How to Get Contractors to Finish Your Projects on Time

Issue: One of the biggest complaints investors have relate to contractor delays. Delays can cost you a lot of money in the form of holding costs and lost rent. We have to find a way to motivate them to finish on-time. How can you incentivize and penalize your contractors to get your projects done in the time that you agreed to?

Why is this important?

1- Provide motivation beyond just doing a good job for their clients

2- Align interests - incentives but also consequences

3- Time is money

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