It’s better to do a cost plus contract

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Nov 27, 2021
12:01:27pm

OU Cougar Truly Addicted User

It’s better to do a cost plus contract

Both sides then can survive

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OU Cougar

Previous username: BYU on the way
Bio page: OU Cougar
Joined: Oct 22, 2002
Last login: Jun 16, 2024
Total posts: 42,213 (341 FO)

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Messages

Author

Time

My daughter and her husband are having a house built for them. After many delays

Hoopster

11/27/21 11:54am

Contract fail...

doctorcoug

11/27/21 11:55am

The friend made all sorts of promises regarding timing and cost that have not

Hoopster

11/27/21 12:01pm

Fixed price?

Reasonable1

11/27/21 12:15pm

Contracts have cost contingencies so when supply dramatically increases

cougfanz

11/27/21 12:13pm

Lots of cost+ contracts out there right now.

RexIdaCoug

11/27/21 12:15pm

Why is your daughter and your husband building a house together? You not moving

SouthernBlueBlood

11/27/21 11:56am

Sincerely I feel bad for them. Not cool

SouthernBlueBlood

11/27/21 11:57am

Your husband or your daughter’s?

panacablue

11/27/21 11:57am

I haven't seen a contract without a 10% contingency clause. Even with a contract

JAGA97

11/27/21 12:36pm

I would never build without a firmly locked in price.

Adwight

11/27/21 11:58am

It’s better to do a cost plus contract

OU Cougar

11/27/21 12:01pm

That’s a fairly benign increase as compared to many I’ve heard of over the

cougfanz

11/27/21 12:15pm

from the other side of it, building has been a nightmare

dryflyelk

11/27/21 12:16pm

The market really does suck but people are not being forced to purchase a new home at a time like this so if you’re not

Zach Morris

11/27/21 12:42pm

Yeah, they looked at existing homes and could find nothing they liked in an area

Hoopster

11/29/21 10:17am

Price is a material term in a sales contract so without locking that in you really don't have a contract. Seems like the

vegasnative

11/27/21 9:56pm

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