Fixed Bid Contracts can be utilized once the plans and specifications are complete. Furcini Construction Corporation will prepare a Fixed Bid Contract based upon an A.I.A. format. The contract offers the client a fixed price to complete all the work as specified on the plans and specifications. An Allowance Schedule is created for items that may not be know or determined as of the time of the contract execution. These Allowance schedule items (i.e. plumbing fixtures, hardware, and flooring) have reasonable costs projected to accomplish each function given the information available at the time. When selections are made and costs are tabulated, the client is responsible for overages and Furcini Construction credits underages back to the client. The key to a successful Fixed Bid Contract is communication. It is vital that all parties know exactly what is and what is not included in the contract. This necessitates the Builder prepared Specification Sheets to define variable items.
For details related to a Fixed Price contract and its many advantages, please contact our office for an appointment.
