Unit price contractsbill for repeatable units of work — like framing a patterned residential home — and only resemble cost-plus contracts in the sense that both allow for project costs to trend upward if the scope of work increases during the project. ...
Finally, Eldrenkamp's change-order clause contains a clause (below) designed to nudge the homeowner into deciding on change orders in advance, rather than waiting until the last minute: "With at least 24 hours of notice of a projected change, the builder will work up the cost of the chan...
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original cost-plus contract stipulated that all remaining project costs and contractor fees would be paid out within 30 days of both parties signing the Certificate of Substantial Completion. At this point, Greene Builders prepares to address items in thepunch listand pay anyretainageto its ...