Phase Four: Residential Construction Contract
When your architectural plans and specifications are complete, we use our construction-estimating software to input all the details of your home to give you a total construction price. There are generally two different pricing structures in custom home building and we allow our homeowners to choose which structure better suits their needs: 1) In a fixed-price contract, you agree to pay in the end the amount estimated from the beginning plus or minus any changes made after the contract is signed. In this agreement, there are no surprises to the homeowner. 2) With a cost-plus contract, we provide an outline of costs and the best estimate of the total cost of the home. However, in the end, the homeowner will pay the actual costs incurred plus a predetermined fee for overhead and profit.