Cost-Plus vs. Fixed-Price

Related terms

• Contract

  The legally binding agreement between owner and contractor that defines scope, price, schedule, and responsibilities. A remodel should ne…

• Crawl Space

  A shallow accessible void below the floor (instead of a basement or slab) housing structure, plumbing, and ducts. Its condition affects a…

• Contract Documents

  The full set of papers that together form the agreement — the signed contract, drawings, specifications, scope of work, allowances, and a…

• Debris Container / Dumpster

  The roll-off container for construction waste. Placement, permits for street placement, and haul-away are real line items and logistics o…

• Contingency Budget

  A reserve (typically 10–15% of project cost) set aside for hidden conditions and surprises uncovered once work begins. The line clients m…

• Demolition

  The controlled removal of existing finishes and structure to prepare for new work. A clean, properly contained demo is where most hidden…

• Concrete

  A mix of cement, aggregate, and water that cures into a hard structural material used for footings, slabs, and foundations. Curing time a…

• Design-Build

  A delivery method where one entity handles both design and construction under a single contract, giving the owner one point of responsibi…