037 Fixed vs T&M vs Cost Plus
Description
Summary
In this conversation, Joe and TC discuss various pricingstructures in the construction industry, including fixed costs, cost plus, and time and material pricing. They share personal experiences and insights on the advantages and disadvantages of each method, emphasizing the importance of transparency and ethics in contractor-client relationships. The discussion highlights the value of expertise and knowledge in determining fair pricing and managing client expectations throughout remodeling projects.
construction, entrepreneurship, project management, laborer, carpenter, business ownership, professional growth, Remodel, Remodeling, Renovation, Residential Remodeling, home renovation, home improvement, kitchen, kitchen remodel, bathroom, bathroom remodel, basement, basement remodel, demolition, painting, flooring, cabinetry, plumbing, electrical, tiling, carpentry, hardwood floors, tile flooring, countertops, general contractor, Design Build, Design, plumb perfect builders, plumb financial
Great discussion! The breakdown between fixed price vs time & materials vs cost plus is super helpful for anyone planning a remodel. It’s always eye-opening to see how pricing structure affects both budget and final results. If you’re focusing on bathrooms in particular, this guide with https://bathroomremodelingarvada.com/ might give some useful perspective. Thanks for these insights!