The Developer’s Dilemma: Why A General Contractor Is Either The Greatest Asset Or Biggest Liability
When bringing a building to life, a developer may have all of their ducks in a row: The project has a solid pro forma, the financing is nearly in order and the project meets a community’s needs.
And then, something breaks — a cost estimate that no longer reflects reality, a subcontractor who walks, a lender who needs more certainty than the numbers can currently provide — and suddenly, a deal that was almost done starts to unravel.
The key to getting through this tough spot is not luck but the right general contractor. This is especially true today, when the industry…
