We were presented with the itemized costs before the project started so we were well informed and there were no surprises.

— Mr. and Mrs. Huang

Pricing

Pricing

We advocate complete transparency when it comes to pricing, which creates a sense of aligned goals and purpose between us.  By knocking down this wall, we work more as a team and the process is remarkably efficient.

 

How are we different? 

Normally when you contract with a builder you either enter into a “Fixed Price” contract or a “Cost Plus” agreement. Frankly, both have their potential drawbacks.

Under a Fixed Price agreement there is a natural incentive for the builder to deliver your project at the lowest possible cost, as what is left over after all costs have been tallied is profit. When striving for the least cost sometimes quality can suffer as a result.

Under a Cost Plus agreement, each time you add or upgrade features those features are encumbered with an additional fee that is paid to the builder. Under this arrangement it is possible that you will pay your builder fees in excess of the value provided simply due to the price of the features you selected for your home.  Additionally, in a Cost Plus agreement there is a tendency for builders to "under-bid" the estimated costs in order to win the job, knowing that the true cost of the project, and their subsequent margin, will be higher.


What we do

We offer a alternative to these well established pricing methods; we call it Partnership Pricing. We believe it represents a better alternative for you, the customer, because it gives you the flexibility of a cost plus agreement with the peace of mind of a fixed price agreement.  How does it work?

 

  1. The first step is to work together to get as much information about the project as possible.  If it's a new home, we take into account the land on which the home will be built to accurately estimate site work costs and we discuss the interior and exterior of the house in detail.  If it's a remodeling project, we will also dive into as much detail as possible to be able to produce realistic costs.
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  3. From these discussions, we produce a detailed Estimate which will include negotiated, fixed pricing for nearly every major component of the project (framing, mechanical, plumbing, electrical, sheetrock, painting, cabinetry, etc).  We will share these bids with you so you have the confidence of knowing with a high degree of accuracy how much the project will cost. Click to view a sample Estimate.
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  5. Based on the size and scope of the project, we will add a fixed fee (overhead and profit) to the project cost.  The fixed fee is established at the outset. It will not change regardless of what options you choose for your project unless of course you add significantly to the original plans (i.e. add a pool in the back yard, decide to expand the size of the addition, etc.) If you do make additions to your plans along the way we will provide an amended Statement of Work that clearly details our additional work and responsibilities and your price.

 

With Partnership Pricing our mission is to deliver your new home or remodeling project the way you want. Our fixed fee is a function of the value and contribution we provide, ensuring you get exactly what you want.