Understanding how contractors bill for services can help you keep costs down and your project on track
When homeowners are planning a remodeling or construction project, one of the first things they usually want to know is how much the work will cost. Part of asking about cost is not just defining what the work will be but also knowing what form you would like the contract to take — fixed price (also known as a bid) or time and materials (also known as cost plus or estimate of cost). Understanding the subtleties of these contract forms will help you decide which is right for you.
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