For those of you who have been holding off on your prospective remodels waiting for Contractor’s pricing to bottom out, you may have already missed the boat.
Although Contractor’s and Subs LABOR pricing has indeed hit rock bottom and will likely remain there for awhile, the rising price of construction materials across the board will at least offset the discounted labor and will continue to rise through the summer months. Rising fuel costs and the upcoming product demand for rebuilding Japan after the horrible earthquake/tsunami disaster will drive prices even higher. Continue reading Construction Costs On the Rise.
Tag Archives: Construction Contracts
Cost Plus Contract vs. Fixed Price Contracts. Weigh In.
I was just reading some comments from a group of Construction Business Owners on the topic of Time & Materials, (T&M Contracts) vs. the more common Fixed Cost Construction Contracts.
I’ll be very interested in hearing your comments on the concept both from the Contractor’s and the Consumer’s perspective.
For those of you who aren’t clear on the how this works, here’s a general description although there are some variations. Continue reading Cost Plus Contract vs. Fixed Price Contracts. Weigh In.