COST-PLUS BUILDING:
ENSURING TRANSPARENCY, TRUST, & ACCOUNTABILITY
The cost-plus method offers significant advantages in fairness and transparency throughout the home construction process. Costs are directly influenced by the design choices and preferences of the customer, all within a mutually agreed-upon budget framework. This detailed budget control ensures that projects remain within financial expectations as long as decisions align with the established parameters. Additionally, the builder operates under a fixed fee structure tied exclusively to the actual construction costs. Should the project conclude under budget, the builder's fee is correspondingly reduced, demonstrating a commitment to cost efficiency and client satisfaction.
Invoices under the cost-plus model provide unparalleled transparency, as they include copies of every contractor and material invoice. This transparency enables clients to see exactly where their investment is allocated, fostering trust and accountability. Importantly, this approach grants customers the freedom to explore their creative visions and aspirations for their home without constraints. In contrast, lump sum builders typically bid a fixed total for the entire project, often incentivized to cut costs to maximize profit margins, potentially compromising the breadth of choices and overall quality. Ultimately, the cost-plus method ensures that the customer's long-term investment in their dream home aligns closely with their expectations, delivering enduring satisfaction and fulfillment.