Contract Styles
1. Cost - Plus Contract
This contract style offers full transparency. You pay the actual cost of labor, materials and subcontractors as the work progresses, plus an agreed- upon markup.
It's a great fit for projects where conditions may evolve and flexibility is important.
2. Fixed - Price Contract
This option provides a clear overall budget from the beginning and reduces financial uncertainty. it works best when the scope is well defined, with any changes managed separately.
3. Hybrid Contract
Early project costs like planning and setup are fixed upfront, while construction costs are billed on a cost plus basis. This combines early clarity with flexibility during the build.
Pre- Construction
FAQ
-Why do you charge for proposals/estimates?
At HCAD, we charge for our proposals because they represent a significant investment of time, expertise, and resources long before construction begins. Each proposal involves detailed analysis, thoughtful planning, and customized design work tailored to your project’s unique needs — including site assessments, budget forecasting, material research, engineering coordination, and risk evaluation.
These pre-construction deliverables provide meaningful value by clarifying scope, reducing unforeseen costs, and laying a strong foundation for successful execution. Charging for this work ensures that our team can dedicate the attention and professional rigor necessary to deliver accurate, transparent, and actionable proposals that set your project up for long-term success.
A Free Guide
10 Must-Ask Questions Before Hiring a Builder
Peace Of Mind
Gain peace of mind by knowing the right questions to ask before starting your renovation or new build.
Informed Decision-Making
The guide outlines essential questions that help you evaluate a builder's qualifications, experience, and reliability. Being armed with the right questions allows you to compare builders effectively and choose one that aligns with your project needs.
