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Reply to "Come along as we build our custom home- lessons learned in real time."
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[quote=Anonymous]I hit 'post' too soon. Its a family business, and several of the people I mentioned on payroll are part of the builders family a la "Smith & Sons". The additional engineering reviews are pretty incidental--I'd say amounting to less then 4-5k. He's paying himself (and family members 150K). While I never doubt the human capacity for graft--the builder would have to work pretty hard at it, because I get receipts directly from vendors (and I do my own estimates with non builder approved vendors to verify that they're in the right range). And second line of defense---when you do 'cost plus' building, the builder signs a nifty, legally binding document with the lender, on budgets. So we have to get bank approval for going over what our line item budget agreed to.[/quote]
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