Architecture / June 17, 2018 /
Focus your time and attention on all aspects of the design of your home, not just on size. Find the right architect for your project–one who is intent on listening to your needs and who does not just have one set of plans for everyone. When you have the budget for a luxury home, you want it to be your dream home. We have created a guidebook. It is available for free in the Resources section of our website. Download it today to learn more about how to find the best architect for your project.
The payment arrangements adopted on a contract directly affects the level of risk borne by the contractor. Where the contract is let on the basis of a drawings and specification lump sum the contractor assumes the risk for both the quantity and pricing. In lump sum contacts based on bills of quantities and remeasurement contracts the contractor assumes the risk for the pricing only. With reimbursement contracts the client assumes the risk for the quantity and pricing. The payment arrangement, therefore, directly motivates the contractors efforts to carry out the work in an efficient and economic manner. This in turn has a major impact on the final price paid by the client.