Cost-plus work comes with many advantages for your real estate renovation project.
Indeed, this work management service allows you to benefit from a flexible and fast process, at a competitive and fair price. In addition, this transparent approach allows you to control costs and provide the contractor with all the necessary resources to complete the work to your satisfaction. This allows you to sleep soundly during the entire project.
Learn more about cost-plus work and the different benefits it can provide to your renovation project.
What is a cost-plus basis?
This type of work can be performed rapidly, but sometimes requires going through a project planning process. It includes the full price for:
- Materials
- Labour
- Subcontractors
- Rental equipment
- General costs and expenses
Your project is carried out according to a service contract (model agreement), drafted before the start of renovations.
Cost plus work is a very straightforward option to complete your project on time. The contractor agrees to submit all invoices to be reimbursed and will generally be paid at a percentage of the cost of the work or at a flat-rate amount.
Advantages of cost-plus work
By choosing this option, you will always pay a fair price and you can have more precise control over the different stages of your renovation. This means no surprises! In addition, this approach can even lead to savings while the project is in progress.
Thus, this option can be summarized as follows:
- Flexibility
- Fairness
- Precision
- Efficiency
In some cases, a budget cap may also be included in the contract to avoid cost overruns. Another great way to ensure your peace of mind.
Situations where cost-price work becomes advantageous
As mentioned above, cost-plus work takes place after a service contract has been drafted, but without a comprehensive work flow process.
Thus, this option is suitable for renovation projects that are relatively complex. And you are billed for each week of work, including the actual cost of materials and the actual number of hours worked.
Here are some examples of residential renovation projects where cost-plus work can be advantageous for you:
- Bathroom renovation
- Kitchen renovation
- Garage renovation
- Basement renovation
- Expansion and conversion
In addition, smaller scale renovations can be launched quickly.
Discover the projects that we can complete for you.
Habitation Plani-Conseil: a regulated practice and expertise tailored to your needs
Frequently used in the renovation industry, the cost-plus contract is governed by the standards and regulations of the Association Provinciale des constructeurs d’Habitation du Québec (APCHQ).
Certified Réno-Maître by the APCHQ, Habitation Plani-Conseil is also accredited by other professional associations, including the Régie du Bâtiment du Québec (RBQ).
Habitation Plani-Conseil can also help you benefit from a hassle-free renovation project by advising you on the best options for your renovation project.
