21. 3 Common Project Hold-ups And How To Avoid Them
In this episode Breck, Leslie, and Claire dive into the three most common project holdups we see, and how we advise our clients to overcome them. Here's a glimpse of what you'll learn from us in this episode:
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)
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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