CASE STUDY: Picking Up Where Others Left Off

We currently contracted a handful of projects where the owners were in a similar debacle and needed to get themselves out on top.

The owners came back to us, after declining our original bid for the jobs due to our final dollar amount. Wondering why?

THE SCENARIO

Multiple bids were submitted for the projects. The lowest bidder was awarded the renovation, which seemed like the logical choice until…

Months went by and units were not being turned in the time frame initially contracted. Multiple change orders were submitted due to a lack of truly understanding the scope of work and job at hand. The owners were experiencing a loss to lease and a negative impact on their NOI.

For each unit that was supposed to be completed but sat unoccupied and not generating revenue, drastically affected the asset owner’s bottom line.

A HAPPY ENDING

The owners came back to us explaining their current situation. We revised the originally submitted bid to reflect any units that had been completed, and had our team onsite within a few weeks with custom cabinets and countertops in tow.

We may come across as a bit more expensive on some bids, but in the long run, the benefits of being a self-performing general contractor outweigh the attractive initial lower bid.

There are many benefits a national self-performing general contractor niche-specific to multifamily renovations has above its competitors. Below are just a few!

Ability to control timing and quality
Ability to maximize space and usability
Less liability for damaged products
Control over design
Control over logistics
Control over material costs

CASE STUDY: Picking Up Where Others Left Off