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Attorney Warren Edson at the Kush Magazine symposium Part 1

Attorney Warren Edson speaking on HB 10-1284 at the Kush Magazine legislative meeting in Denver Colorado. This meeting included Matt Cook from the department of revenue. Courtesy of Greenpoint Insurance please visit www.marijuanadispensaryinsurance.com for crop insurance, medicine coverage, liability insurance, workers compensation and more.
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www.autobuilders.net A lot of times we are asked by an owner or an owner's rep specifically what the "General Conditions", "Overhead", and "Profit" of a project are? Let me explain it to you General Conditions typically are ancillary project costs that aren't typically subcontracted out to a subcontractor, such as a plumber, an electrician, a dry wall contractor, a sealing contractor, or a shelf contractor. Those are all subcontractors we hire to do a portion of the work, but there are certain portions of the work that need to be done that are included in our general conditions. What those costs typically are for are the Project Manager's payroll, the Superintendent's salary, the job trailer, the signs, safety equipment, liability insurance, temporary labor, concrete, soil testing, dumpsters, construction cleaning and final cleaning at the end. These are all costs that general contractors should put into their general conditions. My suggestion to you is when you are considering a general contractor, have them give you a break down of their general conditions so that you can compare it to other contractors and make sure everyone's including the same things... Some contractors list these things in their "General Conditions", some list them in their "Subcontractor Cost". Either way, you want to make sure that you understand what those are. The contractor's Overhead and Profit are simply the overhead the contractor incurs in their office expenses, and a percentage of profit ...