Build FAQs
Welcome to our FAQ page for our Real Estate Development Build service! Here, we aim to address any questions you may have regarding our development process, services, and what sets us apart in the industry. Whether you're a first-time home builder or a seasoned real estate investor, we're here to provide you with the information you need to embark on your next project with confidence. Please explore our FAQs below to learn more about how we can help bring your vision to life.
1
Pre-Construction Agreement
At the onset of the pre-construction phase, we furnish a comprehensive spec sheet outlining the scope of work and associated estimated pricing, in addition to a detailed schedule delineating approximate timelines for project completion. This documentation is furnished as we progress further into the project and acquire a full set of architectural and design plans. By entering into this pre-construction agreement early in the process, clients gain access to valuable support for feasibility inquiries and beneficial value engineering recommendations.
2
Cost Plus vs Fixed Fee Contractor
On most projects, we operate as a cost-plus contractor. Due to varying design changes and the complexity of some projects, cost plus is the best way to handle the varying changes and specific details. On smaller projects, we can give a specific cost for a fixed-fee contract.
With a cost-plus contract, we bill actual costs based on our trade partner costs and markup every 1-2 weeks.
With a fixed fee contract, progress payments are billed out every 2 weeks throughout the duration of the build, based on the total fixed contract cost.
3
Working Together
It is always helpful for our client to be decisive and timely in responses and decisions made for JMax to continue with construction progress. We ask for flexibility, patience, and a general understanding of the construction process. There will be times when we rely on the trust of our clients to keep the project moving forward, and we trust our clients to understand the changes in the construction process. Prompt payments help us stay on schedule with the build, and keep our subcontractors working on their scope of work.
4
Project Schedule
The initial project schedule serves as a broad overview of the sequential phases of work and provides a general roadmap for the construction process. It outlines the planned commencement of construction activities but allows for some flexibility.
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To uphold the project timetable, it is crucial to have a thorough comprehension of the scope of work and all selections finalized before commencing work. This enables us to procure all necessary materials promptly and mitigate any potential delays due to material availability issues. Any modifications to the scope of work or selections may impact the schedule and could potentially lead to project delays.
4
Changes During Construction
We require a new floor plan or elevation drawing from the designer or our in-house designer to ensure our field workers and subcontractors are up to date with new changes. Small changes that don’t affect the floor plan can usually be made onsite with client approval.
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Depending on the change of scope, one small change can create a trickle effect. This change may result in new structural, electrical, drywall, plumbing, etc.