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Construction management 'retainer'?
Last Post 18 Jul 2011 08:50 PM by
ICFHybrid
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cjbuild
New Member
Posts:50
16 Jul 2011 04:50 PM
Is there such a thing as a CM Preconstruction Services retainer? Something that will get the CM on board to flush out specifics, but that would not have an actual construction contract.
Bruce Frey
Basic Member
Posts:429
16 Jul 2011 06:56 PM
Preconstuction service agreements are frequently used.
I will send you a PM tomorrow or Monday with more info.
Bruce
ICFHybrid
Veteran Member
Posts:3039
18 Jul 2011 08:50 PM
It would be fair to have a portion of the fee due at the time a rough outline of the project is completed and another portion due at permit submittal. This is particularly indicated for a "green"project or a commercial project due to the extra planning involved, but might not be something you would do for a standard residential project.
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