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Fixed Price Contract, Part 2 - Allowances
Part 2 of Fixed Price Contracts, Allowances
As a customer, you may want to know how much something costs the builder. With a Fixed Price contract, generally, the Owner doesn’t have the contractual ri...
Read MoreWhat goes into the price of a home?
One of the reasons I like Open Book is the complete transparency contractors share with their clients. If you are contemplating an Open Book (also known as Cost Plus) agreement, these are types o...
Read MoreWhat is the price per square foot to build a custom home?
Building a custom home is a bit like buying a new car, right? Not exactly. If you asked a car dealer how much he charges per pound, you’d get some very strange looks. Of course, there is some correlat...
Read MoreContracts without a fixed price, Part 2
Contracts without a fixed price, part 2
Shared Savings
Shared savings is something to consider when approaching an open book agreement. Most contractors will understand their fiduciar...
Read MoreThe Design-Bid Approach Can Lead to Problems
Hiring a builder based on bids is incomplete at best
One of the ways to go about designing and building a custom home is the design-bid method. The design-bid approach is when homeowners first f...
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