INVESTOR FLIP
2 Bed - 1 Bath, Single family investor fix and flip
Projected Cost - $85,000
Revised Cost - $125,000
Projected Schedule - 12 Weeks
Revised Schedule - 28 Weeks
Project Team:
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Owner - Investor Group
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General Contractor
Contractor/Project Deficiencies
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False claims made to the Owner regarding volume of work, cost and schedule
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Performed the work with improper permits causing a stop work order from the building department within the first week
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Delayed project at least 16 weeks
Lessons Learned
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The Owner needs to fully understand their project (scope, cost & schedule)
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Improper permitting will cost the owner money.
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Poor project management by the Owner resulted in additional costs
Had the Owners worked with Bomi
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They would have been advised of the problems with the contractor (reluctancy to use proper permitting in compliance with city codes is a red flag).
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Bomi adheres to the highest ethical standard and will not take short cuts.
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We ensure the work is performed in accordance with approved construction documents and with qualified personnel to minimize delays, eliminate added cost and deliver a quality product.
