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Construction Contract Cost Plus or Fixed Fee Utah Form

Construction Contract Cost Plus or Fixed Fee Utah Form

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all right so let's talk about a couple of different types of contracts uh very important when you are considering building a home uh essentially there are two broad categories uh one is going to be a fixed price contract and the other one is going to be Cost Plus Choice Builders we use the Cost Plus or as we like to call it an open book contract and I'll go into the details of that second but let me go into fixed price first and explain to you sort of what the nature of fixed price is and what best uses for that is so a fixed price contract is going to be a lumpsum contract you're going to see a scope of work and you're going to see one final number for your house and you're not going to know the breakdown of all the different components and pieces often times Builders will give you an allowance associated with your fixed price contract so they may say here is your house I'm going to make up numbers um just off the top of my head $600,000

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