Build (pardon the pun) a quality relationship with a builder and have a look at GMP with shared savings.
Gross Maximum Price (locks the builder into a fixed price), the shared savings (choose your levels 50/50, 60/40 etc. whatever suits and is agreeable) pushes your builder to do the best they can, as like the name implies, they share in the savings.
For example your chosen builders says they can build your 3 storey walk up for $1,998,00 with 50/50 shared savings.
Your builder works hard on his subcontractors and final cost is $1,900,00 a $98,000 saving of which you get $49,000 and they keep $49,000.
Win/win.
Gross Maximum Price (locks the builder into a fixed price), the shared savings (choose your levels 50/50, 60/40 etc. whatever suits and is agreeable) pushes your builder to do the best they can, as like the name implies, they share in the savings.
For example your chosen builders says they can build your 3 storey walk up for $1,998,00 with 50/50 shared savings.
Your builder works hard on his subcontractors and final cost is $1,900,00 a $98,000 saving of which you get $49,000 and they keep $49,000.
Win/win.