Our guys give us the actual invoices they have received for labor, materials and sub-trades.
I actually really like their system for billing. Most places seemed to try hide what they were actually paying for subs. These guys gave us copies of every single quote, and in some cases where the quote looked high, they quoted again with a different sub to try get the price down. Everything is an 18% management fee.
When the invoice comes in, they show where on the estimate it was, and what the actual amount is. It's very easy for us to see as we go how we are doing versus our estimate.
Cash flow wise, they do fine. As they buy materials, they are getting payment from us within a day or two of their invoice.
|