Commercial construction question...

[A930Rocket]

There are a lot of variables, but on average, with a $25 million apartment project with approximately 75 subcontracts and purchase orders to write, how long would you expect the buyout process to take?

How would you define the buyout process?

TIA

[Tiller]

If you have most of the bids in hand for each trade and are just writing scopes and Subcontracts/purchase orders I would allow five weeks. If you need to bid the project out then add another six weeks assuming the bid documents are complete. The market is hot now so you will really have to work at it to generate bidder interest. Take care.

[Porsche-O-Phile]

I’d figure on an average of 5 a week. Some trades will go quickly and be easily qualified / descoped while others invariably will be a PITA, but it should average out to about that if you’re thorough. Don’t rush it and don’t be unwilling to tell subs “nope” and go elsewhere if they have issues with scheduling commitments, etc. a minor schedule impact is a helluva lot cheaper than dealing with a bad sub dragging down the job.

Remember: you’re only as good as your worst sub (and some of them are pretty bad!) Qualify carefully.