When TI Budgets Think They’re Suggestions
Underwriting brain: TI 35/SF, GC 10% OH&P, 5% contingency, deal pencils 🧮 Construction reality: drywall is premium, doors backordered 26 weeks, inspector on sabbatical 🚧 Lender: send final budget; Me: before or after the as-builts lied and the beam appeared CAM season: expense stop says hi; 17-tab reconciliation says pay up; roof leak says surprise 🤡
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