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Construction Contract Cost Plus or Fixed Fee Arizona Form

Construction Contract Cost Plus or Fixed Fee Arizona Form

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- I can think of one project we did last year where we had a cost-plus contract. We actually came in under budget, and we actually offered the credit back to the client, which is great, and if we had signed a fixed-price contract, we would have made more money on it. But that's not the way we signed it. (upbeat music) What's up guys, it is Coffee Break number 14. We have a couple questions this week. This is a repeat, not a repeat question, but that he wants me to elaborate a little bit more. At Edward Duff reaches out and says, "Can you explain your pre-construction agreement "in a little more detail? "Is this an hourly fee or a fixed fee? "If an hourly fee, do you give your client a maximum cost? "And is the fee dependent on scope of work complexities, "unknowns, et cetera?" Great question, and lemme elaborate a little bit more on the pre-construction 'cause in the previous episode, we talk about w

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