Our small condo association is looking at a $250,000 - $300,000 special assessment within 90 days due to extensive masonry/roof repair/replacements resulting from an engineer's building facade assessment which was prompted by leaks in various areas of the building (a whole lot of deferred maintenance.) The property manager is bringing a few select contractors to the table for bidding proposals alongside the engineer's selection. My concern is one of whether the contractors will provide a percentage amount based on the job to the property manager. There is nothing in the property manager's report that speaks about the management/contractor relationship and fees. How do we determine this?
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