![]() Most good residential contractors are busy beyond their capacity at the moment and without an actual contract, I would be surprised at their ability to help go through pricing activities without charging a fee to do so.Īnother challenge I am currently experiencing is when my practical experience is out of alignment with what the client feels their house should cost based on information that is collected from a myriad of different sources – some reliable, most probably less so. That is assuming that you can even get a qualified contractor to spend the time to go through this process. So how does someone like me account for these variances? I count on the involvement and participation of a qualified contractor from that area to be selected and join the team. ![]() What you could build for $250-$300 per square foot last year is trending more towards $450/sf and higher, even more so in certain parts of the country. The current pandemic is also playing a role in those prices as demand for skilled labor has increased and the cost of some building materials has become untenable. Since I take on projects all over the country, the cost of construction can fluctuate wildly based on geographic location. We do not dictate which model of billing the clients get, that is an option that clients have to choose the method that best suits their interests and needs … but here is where the potential for problems arises. Since starting the residential studio here at BOKA Powell, we are at 50/50 on the different contract types. However, the last ten years have gone almost exclusively to hourly-fee contracts. What is interesting is that for the first ten years of my residential career, all of my contracts were based on a percentage of the cost of construction.
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