Issue: One of the biggest complaints investors have relate to contractor delays. Delays can cost you a lot of money in the form of holding costs and lost rent. We have to find a way to motivate them to finish on-time. How can you incentivize and penalize your contractors to get your projects done in the time that you agreed to?
1- Provide motivation beyond just doing a good job for their clients
2- Align interests – incentives but also consequences
3- Time is money
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