Bad odds for us in the worst case, right? We’re completely at the mercy of the contractor.
No, not worse odds than with a provider offering a real fixed price. They usually factor in a 20% price increase in their offer, instead of the 10% your current one does. Meet the prerequisites necessary for the start of construction – because from that point it’s 8.5 months of construction time. At least, that’s how I understood you.
Construction schedule occurs after we have met the prerequisites, especially financing confirmation and approved building documents.
So it’s completely rightly your problem, and not the general contractor’s. If you don’t deliver, he can’t build. If it then becomes more expensive, it’s your fault.
In that respect, I disagree with and . Why should the contractor offer a fixed price? You’re dragging your feet with the building permit and financing, and the risk of a construction price increase lies solely with the contractor? Is that fair? Exactly the opposite view, which everyone takes as normal.
And once again: A real fixed price usually only applies for a certain period. And if you then fail to provide the prerequisites for construction, you’re really in deep trouble. If you manage it, the contractor will probably be happy because he hasn’t used up his large risk buffer and earns more.