Lopez Contracting maintains a client-centred approach in all we do. This includes the way we estimate costs for potential clients. We can work at a fixed price or cost plus. Before we take on a job, we go on site, assess the potential project, and walk clients through what the job entails, and then an informed decision can be made on which option to choose. Careful attention during the quoting process ensures everyone shares the same vision.
Cost certainty is especially important to some clients. For these clients, we are happy to provide a guaranteed price at the outset. The challenge for us is to allow a fair margin for contingencies. Every building project has the potential for unforeseen challenges, so we account for these in our guaranteed price.
Cost plus is a different arrangement. At the beginning, we estimate what our costs will be, with the understanding that those costs could increase as the project unfolds. For example, clients may change their mind about certain details such as the windows or doors that will be chosen. They might also decide to expand the scope of the renovation or build.
This cost-plus arrangement ensures there is no need for a new quote due to unexpected contingencies or a change of mind. The same rates agreed upon at the beginning simply continue as the project evolves. We make sure to provide transparency so that our clients are kept abreast of the costs and our progress. Our integrity means that we keep diligent track of man hours worked, and provide updates on these and the cost of materials with receipts included. Our communication and transparency is your assurance.