21. 3 Common Project Hold-ups And How To Avoid Them
Jun 15, 2022
Episode Highlights:
The most common project holdups that we see, and how we tackle them.
Why you have to know your land and your bank well.
Why most times you need a licensed contractor.
What are some different contracts and their benefits?
Breck's project highlight of the week: The Model Center
"The end all be all is: know. your. site."
-Breck Crandell (Director of Design, TSI)
Show Notes:
0:30 - Introduction to episode 21.
2:18 - Breck's Project Highlight of the Week: The Model Center
7:26 - First project holdup: hard to build land.
8:06 - Know the land before you buy it.
8:50 - Wetlands and waterways.
10:16 - The benefit of getting a site survey.
14:47 - Second project holdup: Finding funding for alternative construction projects.
16:20 - Most banks are not set up to challenge the status quo.
18:00 - Why it pays to look at other finical institutions for funding.
19:13 - Alternative construction projects are a learning opportunity for the banks.
20:40 - Third project holdup: you need a general contractor to fund your project...but you also want to diy.
21:20 - In order to get funding from the bank you will have to have a licensed contractor.
23:31 - Know your bank and what they will fund.
25:26 - The importance of the way contracts are written.
26:12 - What a construction management fee with a fixed cost is.
28:38 - The value in AIA contracts.
29:47 - Concluding thoughts for episode 21.
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