Avoid Hidden Costs with a Fixed Price Contract

Avoid Hidden Costs with a Fixed Price Contract

Family holding a Stroud Homes sign

Happy customers Brad & Ellie

One of the greatest worries for a lot of clients when building their new dream home is unforeseen or ‘hidden’ costs. This worry can fortunately be eliminated by using a Fixed Price Contract.

Stroud Homes Coffs Harbour’s Fixed Price Contracts means that there are no ‘hidden’ extra costs throughout the build, as your specific home design has been quoted accurately by an Estimator.

This allows customers to feel confident and comfortable in knowing that, when they sign the HIA Fixed Price Contract, the price will not alter throughout the build.

Preliminary Process & Testing

Stroud Homes Coffs Harbour undertakes a preliminary investigations in order to get a better understanding of the land you’re building on and what additional things may be required to construct the home.

The Preliminary Process and testing is completed before signing a contract and includes contours (slope of your land), soil type, wind ratings, and may uncover other issues to investigate (flood, acoustics, bush fire rating).

Once these specific reports are completed, the team is able to provide clients with a full Fixed Price Contract for their build.

Most of the time Stroud’s preliminary agreement investigations provides the information required to have a fixed priced contract with the customer.

There can be the odd occasion where this is not possible and a different contract method is used, however this is not a common occurrence.

Fees, Charges and Prime Cost (PC) Sums

Stroud Homes Coffs Harbour tries to be as upfront and honest with their clients as possible when it comes to fees and charges– so that there’s no ‘hidden’ extras when it comes to signing a contract.

The company quotes each individual home as per the plans and the standard inclusions. All PC sums in your quote are comparable with all quotes received.

A PC Sum is an amount of money included in the contract to cover work or/and materials that have not been specifically detailed by the builder when providing the contract price.

Within Stroud Homes’ quote, there is a section which outlines any changes that the client makes in addition or deletion of the plan.

Variations & Preliminary Agreement

Signing a Preliminary Agreement will not lock you in to anything. All of the documents from the process, which you have paid for, are yours to keep.

The only thing you will not be able to receive is the drafting due to copyright reasons.

Once the Fixed Price Contract is signed and the colour selection has been done with the independent consultant, the client has seven days to make any changes and or variations to the contract.

Your Local Builders
Tim Deans
Tim Deans

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