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#136:  Fixed Price vs. “Cost Plus” Contracts: Some Considerations

NH Construction Law

His price will typically be set to cover overhead costs and a reasonable profit. If quality is an owner’s priority, some think that “cost-plus-a-fee” contracts – reimbursement for labor and materials expenses, plus either a percentage or a fixed amount for overhead and profit – are the way to go.

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Getting the basics right (for residential contractors): It isn’t complicated

Construction Marketing Ideas

Adams Hudson reminds us his Contractors’ Sales and Marketing Inside r , that the basics behind AEC marketing — at least for the business-to-consumer residential sector — are quite simple. Michael Stone has some worthy resources to help out in the residential sales. Many leads and sales, but no money.

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The New American Home 2022: Thinking Inside the Box

Pro Builder

Even before the pandemic, builders and designers were creating home environments that respect physical and mental health. A central interior courtyard is the home’s focal point; almost every room has a view of it, including the garage—which features a clever overhead door that extends the courtyard’s entertainment footprint.

Tampa 111
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Common Types of Construction Contracts And Their Use

cnstrctr

The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. This type is often used by governments and in simple residential construction. Lump Sum Contracts. The contract is typically governed by the prime consultant.

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Expanding the exterior footprint

Construction Specifier

Outdoor lifestyle is crucial to commercial buildings. The landscape has always been used as a design component to connect people to places, but with this new focus on the landscape as an extension of the built environment requires focused design and collaboration. Photos courtesy GKD-USA. by Dale Payne, P.E.

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” ” I get this question a lot from my architect friends when helping them budget their projects through the design process. This is not unusual at the early to mid-phase of design.

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What Is Estimate | Types of Estimate |Requirement Data for Estimation |Advantage of Estimate | Disadvantage of Estimate | Types of Cost Estimation

CivilJungle

The estimators should be experienced and thoroughly acquainted with the design techniques for reliable estimation. In the budget, allowance towards contingencies, 3 percent to 5 percent of the total expense, is designed to accommodate miscellaneous minor costs that are not part of any work item. Overhead Water Tank. #2.