Pre-reno front

Pre-reno back

Elwell Ave

10205 Elwell Ave Cleveland, OH 44104

Project type: Full reconfiguration

Project status: Pre-bid

Target state date: TBD

Bid deadline: open

This project is preparing for renovation. Verusi Properties is currently seeking qualified contractors and skilled tradespeople to bid on the full project or selected trade scopes.

Project at a Glance

Property type: Colonial

Year built: 1905

Approx size: 1760 ft²

Units: 2

Current condition: Untenable

Project type: full renovation

Permits expected: yes

Contractor structure: Individual trades

Target Completion: TBD

Scope of work

Interior

Full Kitchen renovations
Additional bathrooms
Flooring
Interior painting
Drywall repair/replacement
Interior doors and trim
Windows

Mechanical/Trades

Electrical updates
Plumbing updates
HVAC work
Interior wall reconfiguration

Exterior

Roof repair
New vinyl siding

This is a project overview and is not the final contractual Scope of Work. Contractors invited to bid will receive the applicable Bid Scope Package and property-specific requirements.

Current photos

Living room

Office

bathroom

Attic

Photos are provided to help contractors evaluate whether the project is a potential fit. They are not a substitute for the required property walkthrough and contractor inspection.

How Bidding Works with Verusi

1. Review the project

Look through the project information, photos, and anticipated work

2. Express Interest

Submit your information and identify the trades or work you would like to bid.

3. Attend property walkthrough

Qualified contractors receive walkthrough instructions and the appropriate bid materials.

4. Submit your bid

Pricing is submitted through Verusi's standardized Bid Submission process

5. Receive a decision

All bidders are notified whether their bid has been selected.

6. Complete onboarding

Selected contractors complete insurance, tax, payment, and contracting requirements before work begins.

How Verusi Pays Workers

Clear milestones Clear documentation Reliable payment

Verusi Properties uses milestone-based payments tied to completed and approved work. Payment requirements and milestone schedules are established before construction begins so contractors understand when payment is earned and what documentation is required.

4-6 Payment milestones established before work begins
- 4 milestone payment example
  - Initial payment is only when the site has been prepped for work/county inspection
  - Second payment at the halfway point, third payment when work complete, final payment after punch list completed
Approved draw requests processed promptly
Required lien waivers and supporting documentation
Materials handled according to the agreed purchasing method
Approved change orders documented before additional work proceeds
10% retainage held through project closeout
Early-completion incentives may be available on qualifying projects

How Materials Are Handled

Depending on the project and trade, Verusi may use either of two purchasing methods:

Contractor Purchased

The contractor purchases approved materials and submits required receipts for reimbursement according to the construction agreement.

Verusi Purchased/ Direct Pay

Verusi pays the supplier directly from an approved supplier invoice. The contractor coordinates quantities, specifications, ordering, and installation requirements.

The material purchasing method is established before work begins. Contractors should not purchase materials outside the agreed process without written approval.

What We Expect From Workers

Appropriate licensing when required
General liability insurance
Workers' compensation when applicable
Ability to pull required permits when responsible for permitted work
Clear labor and material pricing
Professional communication
Jobsite safety and cleanliness
Required progress photos/documentation
Timely notice of problems or changes
Written approval before performing additional work
Willingness to follow Verusi's contractor and payment processes

What This Project Needs

We welcome bids from general contractors, licensed trades, specialty contractors, and qualified handymen when the scope is appropriate.

Electrician
Plumber
HVAC Contractor
Drywall
Painter
Flooring Installer
Carpenter
Cleaning/Final Turn

Project information shown on this page is preliminary and may change as inspections, design decisions, permitting requirements, or site conditions develop. Information on this page does not constitute a contract, guarantee of work, or authorization to begin work. Final requirements are established through Verusi's written project documents and executed agreements.