Cohousing-L Mailing List: RE: Developer Compensation

[Lashbrook, Stephan (lashbrook]

I hope people who respond to these questions put the answers out to everyone
on the list.

Stephan

-----Original Message-----
From: Richard L. Kohlhaas [mailto:rlkohl [at] earthlink.net]
Sent: Wednesday, August 09, 2000 8:45 AM
To: Multiple recipients of list
Subject: Developer Compensation


We are in the process of negotiating with a developer on compensation for
supervising the 
design and construction of our site.  

For those of you who have used a developer, developer consultant or
equivalent:

How were they compensated?  e.g. flat fee,  % (what?) of construction costs,
% of site 
development costs,  % of design costs, %  of land purchase costs,  % of
marketing costs.

Were they given incentives for keeping costs down?  e.g   a cap on fee,
share of  profit at the 
end. 

Did they hire and/or supervise  the designer?  the architect?  the builder?
the marketing 
consultant?   Did they do the  accounting and check writing? 

What else did they do?

------------------------------------
Dick Kohlhaas <rlkohl [at] earthlink.net>
Colorado Springs (Colorado) Cohousing Community
(Currently 18 intending owner families; we have an option 
on a 4.7 acre property 1.5 miles from downtown, where we
plan to build 30 to 34 units. We have engaged an architect,
started the rezoning process, and plan construction start
in April 2001.)