10 Comments
 
Most Helpful

Depends on how you negotiate your contract. You pay a GC to coordinate your project and take certain risks for a fee. Depending on the cost/schedule overrun they could be on the hook, or the owner could be. Generally, if the GC makes a mistake they pay for it, but if it's a GMP you're going to pay it out of potential project savings, which in essence means you pay for it. 

A GC is trying to make a profit like everyone else, they are going figure out a way to make money if possible. If they are not making money, they are going to try cut conners where they can. Generally, it's best to be tough but fair when managing a GC. 

 

Yes, I think you can get into a groove where both the GC and owner understand what each other is buying/selling. The tough thing is that project success is completely dependent on the team you get from the GC. You could have the same GC with a different team with a completely different result. It will also depend on if the projects are alike or not. One GC might be good at building garden apartments but suck at infill etc. 

 

Very little.

Your only control (depending on contract type) is going to be reliant on having extremely, extremely specific construction drawings and specs.  Like, I cannot begin to emphasize that enough.  Unless specific products and materials are called out, and called out everywhere 100% of the time, you have essentially no effective control over what your GC does at the site, despite nominally being in charge.

 

Hah, what mistake did your GC make? I'm dealing with a $275k error right now, although this one is more on the architect. 

Commercial Real Estate Developer
 

Most of the time they aren't big mistakes, but they are several small ones that keep getting repeated. My shop works on several small projects that have a total development cycle of 2-3 years, so in general its been easy to spot where our gc has experience and what errors they keep repeating. Some examples include not properly securing the site at the end of night, not pushing the subs to complete their full scope of work, or just providing a properly updated schedule.

 

Sounds like you have a lazy ass superintendent. It's really hard to find a good super these days. All of the boomers who were great at it are retiring. 

Commercial Real Estate Developer
 

Ab vel libero rerum officia et. Consequatur pariatur maiores mollitia dolorem in accusantium nihil. Voluptas quibusdam voluptatem consequatur aut pariatur voluptatem quo nemo. Enim consequatur ipsa ipsam rem.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”