#136: Fixed Price vs. “Cost Plus” Contracts: Some Considerations
NH Construction Law
JUNE 23, 2024
His price will typically be set to cover overhead costs and a reasonable profit. And time is money; all other things being equal, the sooner the contractor completes the work, the more profit he will make. Is the budget set in stone? A measure of trust is accordingly essential in fixed price contracts.
Let's personalize your content