Avg flat rate for GC to pull permits, be my own GC

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  #1  
Old 04-07-19, 06:07 AM
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Avg flat rate for GC to pull permits, be my own GC

Hello all,
I want to be my own contractor, However, the bank requires a general contractor for the financing. They have suggested that I work out a flat rate agreement with a general contractor to just pull the permits and let me use his license. I have found a couple general contractors that are willing to do this, but I am looking for a ballpark price that I should be starting with when negotiating with these general contractors.
 
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Old 04-07-19, 08:19 AM
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Totally dependent on the rates in your area, the size of your house and the mood of the contractor.
 
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Old 04-07-19, 09:13 AM
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You need to consider all aspects of being a general contractor.
What the bank wants is someone to accept responsibility for the design and execution of the building of your home.
It is more than a formality and paperwork, the contractor accepts financial and legal responsibilty for what you do.
The contractor who does this for you will essentialy be your supervisor and would pretty much need to make sure your build is to his standards and that your efforts will pass all inspections.
Honestly, whoever is signing permits for others is taking a huge risk.
What if the carpentry goes without a hitch but there is a problem with your plumber or electrician and you wind up in court.
It would be a sh#* sh!&..

Because of liability of taking out permits for something you may not be able to control you have the potential to attract less that honest or competant contractors.
There is some risk no matter how you build a home but there is a potential for someone to leave you high and dry and in court over a few bucks for a signature.

Maybe a different arrangement can be made with a competant homebuilder to build you a house with you providing sweat equity.
You for sure would get it done quicker and with less risk.
 
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