Itemize the job, then record what you actually paid and to whom. Works as the scope of work we ask for with an application, and as your spend record once the job starts.
Fill this in on your phone or your computer. It saves in this browser as you type, so you can close the tab and come back to it. Nothing reaches us unless you send it with the button at the bottom of this page. When you're done, copy it, email it, save it as a PDF, or download it as a spreadsheet.
The line items below are a starting point, numbered the way most contractors number their estimates so the two line up. Delete what doesn't apply, rename anything, and add your own rows.
It covers soft costs and permits; site and exterior work including demolition, oil tank removal, septic, grading, paving and landscaping; structure and envelope; plumbing, HVAC and electrical; interior finishes and appliances; punch-out and contingency — and then separately the holding costs a contractor's estimate never includes: your loan payments, property taxes, insurance, water, electric, gas, grass cutting and HOA dues.
| Code | Item | Budget | Date paid | Paid to | Amount paid | Over / under | Notes |
|---|---|---|---|---|---|---|---|
Lump sum Use this instead of itemizing the job below — one line for your contractor's whole price. If you itemize, delete this row. | |||||||
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| Lump sum subtotal | — | — | — | ||||
Soft costs & permits | |||||||
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| Soft costs & permits subtotal | — | — | — | ||||
Site & exterior | |||||||
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| Site & exterior subtotal | — | — | — | ||||
Structure & envelope | |||||||
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| Structure & envelope subtotal | — | — | — | ||||
Systems | |||||||
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| Systems subtotal | — | — | — | ||||
Interior | |||||||
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| Interior subtotal | — | — | — | ||||
Completion | |||||||
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| Completion subtotal | — | — | — | ||||
| Renovation total | — | — | — | ||||
What the property costs you while you own it. A contractor's estimate won't include any of this, and it is where flips quietly lose money.
| Code | Item | Budget | Date paid | Paid to | Amount paid | Over / under | Notes |
|---|---|---|---|---|---|---|---|
While you own it What the property costs you each month until it sells. | |||||||
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| While you own it subtotal | — | — | — | ||||
| Holding total | — | — | — | ||||
Applying with us? Bring this with you — the application asks whether you have a written, itemized scope of work, and this is one. Start an application, or run the numbers on the deal first.
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Bay Private Capital
Your Hometown Hard Money Lender
Scope of Work & Cost Sheet
Total budget—
Paid to date—
Left to spend—
Borrower signature & date Contractor signature & date Prepared on bpcloans.com/scope-of-work. The figures above are the preparer’s own and have not been verified, approved or adopted by Bay Private Capital. This is not a loan offer, a commitment to lend, an appraisal, or a contractor’s bid. Bay Private Capital, LLC · bpcloans.com · ben@bpcloans.com · 301.802.5576
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