Legal Question in Construction Law in Georgia

Fixed Price vs. Time material contract

I signed what I belived was a fixed price contract. The remodeler has increased the amount due because he said it was a Cost plus agreement. How can I tell?


Asked on 6/28/06, 10:31 am

3 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Fixed Price vs. Time material contract

About the only response is to read the contract carefully. You didn't post any language so there is no way for us to speculate what it says.

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Answered on 6/28/06, 10:34 am
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: Fixed Price vs. Time material contract

In addition, the title of an agreement is irrelevant other than convenience. Just because a contract is titled" fixed price" does not mean that the terms necessarily parallel a traditional fixed price agreement. Either review the terms or have a local attorney review it for you.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

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Answered on 6/28/06, 10:55 am
Jon Gottlieb Flynn & Gottlieb, P.A.

Re: Fixed Price vs. Time material contract

It's pretty simple. If the contract says that you agree to pay a specified sum, it's a fixed price contract. If your contract says that you agree to pay your contractor a fee or a percentage of the contract as his/its fee, it's a cost - plus contract.

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Answered on 6/28/06, 11:47 am


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