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How Should You Pay a General Contractor? Fixed Price versus Cost Plus Contract?—BYHYU 121

How Should You Pay a General Contractor? Fixed Price versus Cost Plus Contract?—BYHYU 121

FromBuild Your House Yourself University


How Should You Pay a General Contractor? Fixed Price versus Cost Plus Contract?—BYHYU 121

FromBuild Your House Yourself University

ratings:
Length:
10 minutes
Released:
Jun 13, 2018
Format:
Podcast episode

Description

A couple of weeks ago we talked about the bidding process, mainly as it pertains to owner-builders bidding for subcontractors themselves.  This week I’ll give you a quick overview of the different types of contract agreements you might decide on if you ’re going to hire a general contractor to build your house.  We’ll briefly discuss fixed price contracts and cost-plus contracts. Choosing which type of contract to use is almost as important as choosing which general contractor to hire. Show notes at BYHYU.com
Released:
Jun 13, 2018
Format:
Podcast episode

Titles in the series (100)

Wish you knew more about the biggest investment you will most likely ever make? Build Your House Yourself University (byhyu) will teach you to save money and make smart decisions about the construction of the place you and your family will call HOME. We will help you understand residential construction— simplify and demystify the design build process. You’ll come away with successful strategies for building your own house, with or without a general contractor. Become an educated consumer, even if you prefer to buy, rather than build a new house. Complex construction jargon and best practices will be explained in easy to understand terms. It’s not the typical DIY (do it yourself) show. You will learn how to MANAGE the labor, not DO the labor for your new house. Join me, Michelle Nelson, host and fellow informal residential construction student. I’ll share the research I find on home design and building as I prepare to build my home. Together, our community of future home builders, will learn the tips, tricks and trends of experienced contractors and industry experts. I’ll interview owner-builders and construction professionals. During our mini lessons, I’ll inform you about framing, flooring, windows, insulation, kitchen cabinets and countertops…almost anything having to do with new construction homes. You’ll hear about energy efficiency and green building too. There will be product reviews in which you will be introduced to cutting edge, as well as, tried and true products and services. And in keeping with the university theme, episodes will end with short, fun quizzes. If we do our due diligence BEFORE we start construction, we will actually start construction with the most difficult part of the project behind us. Let’s put in the time, effort, preparation and research BEFORE we break ground and building our homes will be much easier and more enjoyable.