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Rerrange Free Construction Contract

Rerrange Free Construction Contract

Aug 6th, 2022

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How to Rerrange Free Construction Contract

5 out of 5

3 votes

In this video tutorial, the focus is on construction contracts between clients and general contractors for building or remodeling homes. It explains the four main types of construction contracts: 1. **Fixed Price**: A total price is agreed upon for all services, covering materials and labor, with the possibility of a cap on total costs.2. **Cost Plus**: The client pays for the contractor's expenses plus a profit margin, either as a percentage of total costs or a fixed fee.3. **Time and Material**: The client pays for materials and labor at a negotiated rate, allowing the contractor to profit by charging more than their actual costs.4. **Unit Pricing**: Contracts are based on a per square foot rate for specific work.The video aims to clarify these concepts and assist viewers in creating their own contracts.

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