A small city in Kansas has approached me as a project manager for a $24 - $25 MM project for their downtown revitalization. As a small city, they are missing development experience, project experience and just don't have the city staff. They've approached my firm to take it over, soup to nuts for the next 2 years, e.g. community interface, government updates, hiring the architect, contractors and overseeing milestones.
My thinking is to bid 3% on the project management role, 25% at contract signing, 50% over the span of the project and 25% at completion. Has anyone seen some common real estate milestones I could spread the 50% over?
I want to make sure I don't bunch the 50% up and end up with cash flow issues, and I would like to give the city confidence by hitting milestones during the construction.
Corrupti dolor veritatis placeat soluta autem. Consequatur est ut atque voluptatibus vel quod. Velit aut dolor et necessitatibus culpa inventore. Aliquam inventore quis sunt ipsum explicabo impedit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...