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Four
Generations of Quality
CONTRACT
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Contract: You’ve already done a lot of work to get here. By now, you’ve spent enough time with us that you should feel comfortable entrusting Lasley Construction Company with the building of your new home. You’ve got one more choice to make. There are two different types of contracts which can be used. Each has an up and a down side. Neither is better than the other. Consider the following description of each to decide which one makes you the most comfortable.
The FIXED PRICE CONTRACT. Just as it sounds, using the budget, we will set a total cost to complete your home as specified. Since the amounts and costs of materials are pre-set, if the prices go up or if we use more materials than estimated, we absorb the extra cost. If however, we are able to save on costs or materials, we keep this as profit.
The COST PLUS CONTRACT- FIXED FEE. With this contract we pass on the actual costs to you. It does not, as some believe, give us a license to squander your funds. We still use the estimate and budget to track our accuracy. If we save money, the savings are passed on to you, the owner. The opposite is also true. If we use more materials, or costs go up, you will pay more.
While many people are most comfortable with the FIXED PRICE CONTRACT, it is the COST PLUS CONTRACT which is most likely to provide the owner with savings. While in either case it is to our mutual benefit to be as accurate as possible in our estimating, all contractors will add ample allowances in the FIXED PRICE CONTRACT to cover for possible cost overruns. The choice is yours. We will work with you in either capacity. |
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| Our focus at Lasley Construction Company is to make the construction process as smooth and painless as possible for all concerned. We welcome your comments and questions at any time. | |
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Lasley Construction
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