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planning a home renovation and want to make sure you get a fair price from your contractor want to understand more about how home renovation contracts work learn about Cost Plus contracts their pros and cons and what to expect when working with a Cost Plus contractor in this [Music] video hi Im Carrie a design consultant at Lamont Brothers design and construction with a wealth of experience in the construction and remodeling industry I understand that budgeting is a crucial aspect of any renovation project today well walk through Cost Plus contracts a method that can provide you with a clear view of your renovation expenses well explore the advantages and disadvantages to help you decide if this approach aligns with your remodeling goals what is a Cost Plus contract Cost Plus contract is a contract between a client and a contractor where there is an initial price set for the beginning of the project thats usually going to include some allowances for the materials that need to be se