Is Cost-Plus the Solution to Underpriced Jobs?By Michael Stone
Both fixed-price and cost-plus contracts carry risk. Is cost-plus the solution?
Cost-Plus ContractsBy Michael Stone
Why cost plus and time & material contracts should be avoided, for both contractors and building owners.
Time and Material WoesBy Michael Stone
Time and Material contracts are full of risk, especially on larger jobs.
Cost-Plus with a “Not to Exceed”By Michael Stone
A contractor asked for my opinion on a request he recently received. It’s not a win-win proposition.
Clients Wanting Cost-PlusBy Michael Stone
Many building owners want a Cost-Plus contract because they believe they’ll have more control over the total cost of the project. It’s your job to educate them on the downside.
The Games People PlayBy Michael Stone
Why would a developer ask for a cost plus quote to replace a fixed price quote? Because he wants the very same work done at a lower price.
Contracts to AvoidBy Michael Stone
If you are going to deviate from a standard fixed price contract, look at your approach from your client’s point of view. Make sure they know what to expect and what you’ll do.
There is No Industry StandardBy Michael Stone
Don’t take any job where the client tells you how much you can charge for your work.
Cost-Plus – A Homeowner’s ViewBy Michael Stone
A very nice gentleman called me last Friday. He related a story about his home remodeling project. It was done a Cost Plus job, the "plus" was negotiated at 18%.