Mastering Construction Contracts: Fixed-Price vs. Cost-Plus
Matt discusses the pros and cons of fixed-price and cost-plus construction contracts with guest Jeremy Martin, co-owner of Risher Martin, a leading custom homebuilder in Austin. Jeremy shares his firm’s unique approach to fixed-price contracts, emphasizing rigorous pre-construction planning and detailed specifications to ensure predictable budgets and schedules. This method fosters trust and minimizes change orders by clearly defining project scopes, materials, and allowances upfront.