Housing Rehabilitation Online ->Contractor Skills -> Public vs. Private Housing Rehabilitation Contracts

The four basic differences between private housing rehabilitation contracting and federally funded housing rehabilitation program contracting

-Profit margins allowed for the Contractor has to be cleared or approved by the publicly funded program or agency whereas private contracts margins are established by the firm.

-The method of payments are provided in the form of progress payments than a initial deposit. This will affect the cost of the overall project.

-Disputes are handled within the program first as opposed to going to court initially.

-Specification writing responsibility will fall on the program if a formalized bid is issued rather than have the Contractor prepare everything.


© 2006 by Richard Long