FIXED PRICE CONTRACTS
At Loft Homes and Garages, we offer fully detailed Fixed Price building contracts to ensure no surprises along the way. Banks and lending institutions prefer fixed pricing, and we work hard to keep everything as simple as possible to achieve our clients goals.
How does a Fixed Price Contract work?
When you enter into a fixed price contract in relation to a property build, you agree to the final cost of a project up front. A price is agreed upon and both parties sign the contract.
This provides certainty as it rules out concerns about cost increases for the Client entering into a contract with Loft Homes and Garages. Fixed price contracts often however include some provisional sums. These are $ estimates for costs that either cannot be known at the start of the project (usually regarding underground work) or have not yet been finalised (eg; kitchen design). We always provide and discuss the basis for any provisional costs along with a clear fair method as to how the final cost will be determined.
What are the benefits of a Fixed Price Contract?
There is less stress throughout the project as the contract is clear and certain from the start this avoiding any possible misunderstandings.
Fixed contract payment claims are transparent and easy to understand. Payment claims are based only on the actual % of contract work completed which is simple to verify at site.
If you already have plans we are also happy to consider and provide fixed price construction services.
OUR FINISHED PROJECTS RANGE FROM AS LOW AS $100,000 HOWEVER MOST ARE BETWEEN $250 - 450,OOO.