What does cost-plus even mean? Is it just a fancy term for time & materials, or is it something entirely different?
Navigating the world of remodeling contracts can be intimidating, especially if you’re not familiar with the industry lingo. That’s why we’re here to break down the difference between time & materials (T&M) and cost-plus contracts, so you can make an informed decision. By the end of this article, you’ll have a clear understanding of how these contracts differ and when each one might be the right fit for your project.
And if you’re wondering, “Which contract type is best for my remodel?”—don’t worry, we’ve got you covered. We’ll get into that as well!