What is the difference between ‘Fixed Price’ and ‘Cost Plus’ contracts, and which one is best for yo
When engaging a builder for a construction project, there are generally two choices for how you approach the financial aspect of the contract. 1. Fixed Price (Lump Sum) The first is known as ‘fixed price’ or lump sum. Just as it sounds, this is an amount scoped and agreed up front. This is great if you are on a strict budget and want to manage costs. However, as the project unfolds there will inevitably be changes you will want to make along the way. To keep as close to this
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