Fixed Price Contract

Fixed Price Contract

In this type of contract the contractor agrees to complete a specific construction project for a fixed price set forth in the contract. The only changes allowed to the contract amount are through change orders.

This is the most common type of contract; once a complete set of plans have been generated, two bids are requested from outside companies to establish a benchmark for the major aspects of the project (HVAC, Plumbing, Electrical and Frame & Finish) which accounts for approximately 80% of the project construction costs.   Once we have established a project benchmark, we look to our company partners to match or beat those costs for our customer.

Key Benefits

  • Allows for easy bid comparison
  • All inclusive – the price includes the complete set of construction documents
  • Allows for alternates and contingencies