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Price: $19.99
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Cost-Plus with a Fixed Fee Contract
Written contracts are important for contractors. The basic purpose of every construction contract is to define the rights and obligations of the contractor and owner.
This type of contract allows you to manage the project to the best of your availability for a fixed fee per time period (generally each month). This contract establishes an “open book” policy, so your business records are wide open to your client’s scrutiny. We’ve found that this type of agreement works well when the owner and contractor have a relationship built on trust and confidence. The owner must understand that the contractor is doing the best he can, at the best possible price.
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