Property Profit-Share Arrangement
Seeking Guidance: Expense Allocation for Project Manager and Site Supervisor Salaries in 50/50 Profit-Sharing Agreement In a potential 50/50 profit-sharing arrangement with a client for a custom home project in Florida, where the client covers land purchase and all construction costs, I am considering how to handle the allocation of expenses related to project management. Specifically, as both the project manager and site supervisor, should the salaries for these roles be deducted from my 50% share at the project’s conclusion, or are they considered part of the overall construction costs covered by the client? Seeking insights and advice on navigating expense allocation for both project management roles in a profit-sharing scenario. Any experiences on similar profit-sharing arrangements would be greatly appreciated.
GBA Detail Library
A collection of one thousand construction details organized by climate and house part
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