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Are you a Builder looking for work?
Why not add Construction Management and Consulting to your Home Building business? New construction projects are scarce and the competition is fierce. Take advantage of your home building experience and turn it into another source of income. Many Home Buyers and Investors having homes built are willing to pay an experienced Builder or Architect to act as their Project Manager or Consultant. This service is quietly but quickly becoming a typical part of the building process, especially in high end home construction. Savvy Builders and Architects are earning $50,000 – $100,000 per project to oversee construction of new homes, for the home owner. Your job is to protect the owner from being taken advantage of by another Builder. Some typical duties include:
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• Weekly meetings with the Owner, General Contractor, Architect, Designer and other parties involved in the project to discuss scheduling, coordination, plans, specifications, and selections.
• Oversee the General Contractor to assure the owner that the plans, specifications and schedule are being followed. The Builder is responsible for the day to day management and interaction with subcontractors and Village Officials.
• Collect insurance certificates from the Builder and all vendors.
• Assist the owner and Builder with the material selection and design process.
• Review and approve or disapprove invoices, change orders, and payout requests issued by the Builder.
• You may also be asked to manage projects associated with the home, outside of the Builders contract.
Simple right? This is work that you have been doing every day for 20 – 30 years. Overhead is very low including insurance costs, as only professional liability insurance is required. In the area where I build, consultants began to show up on projects about 5 years ago. I was very leery at first, as some consultants were not qualified and had very little knowledge of home construction, however many were retired Builders and Architects, and were very helpful during the construction process. Several years ago I was referred to a client building a large custom home, seeking a consultant to manage construction of his new home, as he was very busy with business, and frequently out of town. As the new construction market was starting to slow down, and there were not many jobs out ahead, I accepted the job. The project went very well, and the owner referred me to several friends building homes. Now along with building new homes, I have consistently managed many home building projects as a consultant representing the owner. My consulting business is currently more productive and profitable than my home building business, with fewer headaches.
The home building industry may never be the same. If you are looking for a profitable business that you are already qualified to do…try Construction Management and Consulting, you won’t be disappointed.
Author: Patrick McGreal
30 Years of Home Building