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We wouldn't be sourcing and contracting them, they would. We would hold the contract, pay them as PMs and they would pocket the difference. They get the premium of subcontracting with out holding the risk it seems. It might be fine and they were the cheapest but we don't know enough to make a good judgment so we wont be using them.
dst2-
Good call. The commercial balance behind that arrangement is for them to focus solely on getting the cheapest contractors, leaving you with all the risk. Can't see what benefit there is for you.
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An important thing to ask is who will be taking the design responsibility of the project because looking over what you've said recently it seems like that's what they're trying to avoid. Although it may go to the project management side but its definitely always good to ask to avoid doubt.
Brommers
On1
Iirc when my folks had a major renovation project, their JCT was with the main contractor (who subcontracted works). Then the woman doing the actual project management had a side contract. Although her role was more of a comms person.
Worth pointing out that sometimes there can be cost savings if you're contracting directly with the subcontractors. Mainly because often they're won't be VAT registered, whereas a mgmt Co will almost definitely be.
If there's a kitchen going in the extension then that's possibly a lot of subcontractors.
There are obviously pros and cons to this. But thought it was worth pointing out.