It brings several benefits for you: Transparency: You get detailed documentation of all costs incurred which ensures clear visibility into project expenses. We itemise every single cost in your monthly invoice. The amount invoiced each month will change depending on the work completed and materials used during that period. Quality Assurance: Ensures higher quality work, as we are paid for actual costs and there is no incentive to cut corners (which is often the case with a fixed price contract). Flexibility: Adapt to changes during the project without renegotiating the contract. We use the detailed cost estimate spreadsheet already prepared and enter the total as the ‘target figure’ in the contract, then throughout the build constantly ‘value engineer’ the project to best meet budgets, in a total transparent ‘open book’ format. You receive a running total of costs to date and remaining amounts due and monthly reporting, so you know whether you’re running to budget or not, giving you the opportunity to tailor the budget going forward. Strong Collaboration: Promotes open communication and collaboration throughout the project, which we know is the secret to outstanding work and happy clients.