Navigating Cost-Plus Contracts: Understanding Profit Pockets and Negotiation Strategies

Navigating Cost-Plus Contracts: Understanding Profit Pockets and Negotiation Strategies

SMACNA

Description

A cost-plus and a fixed-price contract are two types of construction contracts. Both are used frequently when entering into an agreement to build a structure or system. Each has its own special advantages and disadvantages for both the contractor and the buyer. For the sheet metal or HVAC contractor, the choice depends upon the situation, the needs of the client and the risk inherent in the construction.

Details

Topic
Business Management, Contractor Operations Manual
Media Type
Book
Publication Year
2021
Page Count
26
Edition
First