3 October, 2013

Commercial Construction

Building my first commercial construction project. I am wondering what the typical (if there is one) pay schedule is like for say a retail shopping center. I assume it is pay by progress, that is as a stage is completed the sub contractor bills the general who bills who ever is financing. Would this be correct? Or is a 1/3, 1/3, 1/3 type of situation? Or does it depend? Any feedback would be great. Essentially — It depends. Usually targeted deliverables generate a payment to the contractor. It depends on what type of contract you are under. Deliverable to payment or payment for actual materials and labor plus overhead?

Step by Step Tutorial: This video will show you the different types of foundations that are mainly used in residential . . .

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