Contract Options

At 5M Construction, we are interested in meeting your needs as a homeowner. We understand that each client has a different idea and wishes to getting their dream home built. In order to meet these needs, 5M Construction offers three different contract options.  If you have any questions about which contract option that is best for you, feel free to contact us and we can work together to decide what contract option is best for you.

 

Cost plus fixed fee

This option works best for the homeowner that needs to know their bottom line price. We will obtain bids for all construction items and then the price is locked in. You will be given an allowance for certain selections (appliances, lighting & plumbing fixtures, etc.), this and any changes made from the plans are your variances to this option. It’s a great option for those who are financing and need a solid number.

 

Fixed cost

This option will entail a strict set of specifications (roof type, exterior materials, windows, landscape etc.) that will allow us to get accurate bids for your project. There will be allowances made for several items that you would choose during the building process (plumbing fixtures, appliances, lights, flooring etc.)

 

Cost plus

This option we will obtain bids for each budget item. You will be provided a spreadsheet of expenses allowing you to follow with your budget. Your final price will be determined by the total cost plus our building fee. Our building fees range from 10-20% depending on detail and complexity of your home.

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