Cameron: Cost-plus contracts are essential for agility in custom homebuilding
Lily Cameron · EP 373: $1m+ On Green Contracting Company and Tech Executive · Aug 1, 2016 · at 6:44
Lily Cameron, co-founder of green building firm Eco Safe Spaces and Director at Rackspace, explains why custom residential construction requires cost-plus contract structures rather than fixed-rate terms.
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“And then a cost plus contract, in a nutshell, is essentially where, you know, you can be a little bit more agile, and as in the building process, especially when you're building custom homes, it's really important to be able to be agile through that process, because I'll tell you what, you know, once you see that over there, and then you realize, oh, I really want this, my kitchen to open this, and I want this wall to be open, and I want to do this, and I want to do this, that is, those are changes that clients will make, and they'll want to make, and you want to work with them on that process.”
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