The Contractor's Triangle

In the bustling world of construction and real estate development, we're constantly juggling three critical factors: price, speed, and quality. This trio dictates the success of our projects and, truth be told, balancing them is more art than science.

Here’s a breakdown of why mastering the balance between these three is the key to our success:

• Price Matters, But... We all want the best bang for our buck. Yet, chasing the lowest bid can lead to compromises in quality and speed. It’s about finding that sweet spot where investment meets value without cutting corners.

• Speed Isn't Just About Rushing. Yes, we live by the mantra "time is money," but rushing projects can sacrifice more than just quality; it can compromise safety. The goal? To find an optimal pace that ensures we don’t skimp on the essentials. It’s rare to find a contractor who can deliver fast, cheap, and quality work - almost like a mythical creature.

• Quality Takes Time (and Money). We can’t rush excellence. Achieving top-notch results means allowing for a realistic timeline and budget. It’s about not sacrificing the longevity and integrity of our projects for the sake of expediency or cost-saving.

Facing the truth - the perfect contractor, one who delivers on all three fronts, is a myth. In reality, we often have to pick two of these elements to prioritize, making a trade-off on the third.

The secret sauce? Choosing a contractor who gets this balance and is upfront about what’s achievable with your budget and timeline. This clarity ensures we don’t end up sacrificing more than we bargained for.

For us in the development game, getting to grips with this concept sooner rather than later can save a lot of headaches. Building a strong rapport with a contractor comes down to mutual understanding and setting realistic expectations from the get-go.

So, here’s my advice: pick your priorities wisely, communicate openly, and always aim to strike the best balance between price, speed, and quality. It’s this strategy that will set us apart and lead to successful, rewarding projects.

Side Note: Need Entitlement help? Reach out to our team. We’re entitling 30+ projects (many of them are affordable projects) and well over 2,000 units.