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How can I avoid disclosing my pricing to my GC while on a Lender controlled project?

California

Question regarding a lender in control of construction jobsite, payment app. I'm a subcontractor who works with the general contractor alot, this will be our first time together when lender is in charge of funds. I'm told I have to give the GC my receipts for all materials for job to get paid. Which that information is something you don't give out especially someone you do business with a lot; is there a way to go around that so GC isn't involved in what I pay for materials, glass and everything else. Thanks looking forward to hearing from you!

1 reply

Jun 16, 2021
You don’t have to give receipts to the GC unless it’s a time and material contract and it’s a requirements in your contract. There’s no reason to need receipts on a fixed price contract. You don’t have an obligations to the lender. The GC will just have to show the lender your invoices if that’s part of his contract requirements with the owner/lender. I’m happy to answer any questions you have about this.
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