Fixed Price Contract
In this type of contract the contractor agrees to complete a specific construction project for a fixed price set forth in the contract. The only changes allowed to the contract amount are through change orders.
This is the most common type of contract; once a complete set of plans have been generated, two bids are requested from outside companies to establish a benchmark for the major aspects of the project (HVAC, Plumbing, Electrical and Frame & Finish) which accounts for approximately 80% of the project construction costs. Once we have established a project benchmark, we look to our company partners to match or beat those costs for our customer.
- Allows for easy bid comparison
- All inclusive – the price includes the complete set of construction documents
- Allows for alternates and contingencies