Tag: construction contracts


Small Amount, Big Impact: How to Maximize Deposits

Are you accepting client deposits before every building project? If not, you should be. Typically, contractors charge 5-10% of their project cost upfront. When used correctly, deposits can protect home-building businesses from incurring additional costs themselves. The Benefits of Deposits There are two primary benefits of client deposits. First, they act as good-faith payments, so …


The Benefits of Cost-Plus Building

Wouldn’t it be great if you could get paid for every cost you incurred during a home-building project? If your answer is a resounding “YES!,” you need to start a cost-plus building model. What is cost-plus building? Unlike fixed-price building when a builder builds a house for an agreed-upon set price at the beginning of …