More often than not, prospective clients are looking for the lowest bid as they "shop" their project to potential contractors. Clients employ the competitive bidding system to arrive at what they assume is the lowest price for their project. Unfortunately, this process has it's flaws and can lead to issues that may derail a project once started. Architect Bob Borson has written a great article on why he believes the Cost Plus Fee approach can lead to a better working relationship and, drumroll please, an affordable and in budget project. From a collaborative working relationship to an open-book accounting system, the Cost Plus Fee approach can be a win-win for your upcoming project. Take a read through Bob's article (just click the link below) and let us know what you think.
http://www.lifeofanarchitect.com/residential-construction-contracts-cost-plus-fee/
http://www.lifeofanarchitect.com/residential-construction-contracts-cost-plus-fee/