ilmscore | Prediction Details
"I don't think you can have penalties without bonuses. I don't think you'll get a contractor to sign off on a contract that has penalties if they don't finish on time or on budget without having some bonuses if they finish ahead of time."
By BiggerPockets | March 25, 2025 | Pending
From video
How to Find a Contractor Who Works FAST & Scopes Properties FOR You 00:15:05 - 00:15:15
Interpreted Prediction
Contractors are unlikely to agree to contract penalties for delays or budget overruns unless corresponding bonuses for early completion are also included.

Prediction Details

Topic
Contractor Contracts

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