Let's be sure to agree over coffee..
Like most in the industry, we believe in building with transparency, genuine integrity, and quality that only aligns with our personal expectation. A Cost + Construction (Cost-Plus) model reflects this way of thinking by providing clients with full visibility into project costs while ensuring there is someone there for quality control, communication, and regular check-in's to ensure you are getting what you have asked for and understand the decisions that could have impacts on your space - both negative or positive.
In the industry, it is a project delivery method for contractors where the client pays for the actual cost of construction (invoices and bills that are incurred for completing the work) plus a fixed fee or percentage (our time and service to perform the management, coordination, and general contractor functions) for our service to act and be your representative for the work. This approach offers flexibility, transparency, and trust, making it ideal for clients who want more certainty and assurance that you are not overpaying or being fooled by hidden costs or markups.
In the case of general contracting, our internal team, associated professionals, chosen and trusted subtrades will work through Lifestyle to deliver on the project goal.
In the case of most projects, it is our intention to be clear and upfront for your own planning and time commitment. Although no model is perfect every time, we do our best to keep things simple. As such, we propose the fixed percentage for the following:
1) For projects that you would like input, review, and assistance that would involve starting at the development of a concept design (the very very beginning) - we will package an agreement that will produce permit ready plans at a fixed 8.0% rate of construction value (eg: 8000 per every 100,000), and will be known upon the completion and owner/client approved permit plans for construction.
2) For projects that you have a design and permit ready plans that are ready for a 'takeoff' (formal estimation of anticipated costs consisting of services/materials) - a fixed 7.0% rate of construction value will be used. Should the complexity, staging, and site condition of the project be very unique in nature - we may need to discuss what activities are particular to your situation so that we can appropriately represent you.
3) For projects that you as the owner would like to participate on and perform certain tasks/functions/work associated to the project, it will need to be tracked and can be formally discussed at the time any outstanding deliverables are known/assigned - adjusted accordingly.
All fixed percentages, per agreement, will have a 0.5% rate added for unforeseen odds-and-ends, printing, and general administrative duties (Construction Administration - CA) that come with business operations.
So, in layman's terms, a fixed 8% rate is 8.5% with the 0.5% CA as a total.
You would be surprised.. and if you are not aware of how complex projects operate - there are certain and specific traits that should be applied to each project that will bestow trust, provide updates, and ensure continued clarity/confirmations are approached throughout the important work.
A piece of honesty based on experience being on both sides: We do expect and encourage owners/clients to be invested, excited, and prepared for some 'ups and downs' along the way. Having a set commitment of time to: review, answer, discuss items that come up is asked of you so that we can do our job as your partner. We will certainly do our best to be timely with any communication, and it is very typical that email communications are preferred for written reference, especially when they may be sent or caught up on in non-business hours of the week.
At Lifestyle Contracting we believe that communication is key. That's why we work closely with our clients every step of the way to ensure that their needs are being met. We pride ourselves on our attention to detail, and our commitment to checking/confirming and ultimately delivering high-quality work on time and within budget.
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