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re: Cost plus building
Posted on 12/18/22 at 3:12 pm to SlidellCajun
Posted on 12/18/22 at 3:12 pm to SlidellCajun
Cost plus is not uncommon, but theoretically adds money to the pocket of the contractor as labor and material prices increase (obviously).
My contractor took only a slightly different approach, which I liked.
He estimated the entire labor and material, then came up with a "fee" of 10% of that estimate. The fee didn't change after that. Why should he make less if you get a good deal on lighting? Why should he make more if you get screwed by the granite guy?
No matter what, you should be comfortable with your contractor and contract before the build starts, because after that, There Will Be Friction.
My contractor took only a slightly different approach, which I liked.
He estimated the entire labor and material, then came up with a "fee" of 10% of that estimate. The fee didn't change after that. Why should he make less if you get a good deal on lighting? Why should he make more if you get screwed by the granite guy?
No matter what, you should be comfortable with your contractor and contract before the build starts, because after that, There Will Be Friction.
1
Posted on 12/21/22 at 8:00 pm to Grassy1
quote:
My contractor took only a slightly different approach, which I liked. He estimated the entire labor and material, then came up with a "fee" of 10% of that estimate. The fee didn't change after that. Why should he make less if you get a good deal on lighting? Why should he make more if you get screwed by the granite guy?
This is exactly what my builder did and said. Except his fee was less than 10%. One of the big reasons why I chose him.
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