Cost-Plus Contract

UNDERSTAND YOUR PROJECT PRICING

See exactly how we build trust through transparency. We break down construction costs, management fees, and contractor markup so you know what you’re paying for every step of your project.
Sample Breakdown

SAMPLE DEAL STRUCTURE FOR A COST-PLUS CONSTRUCTION CONTRACT

Below is an example of how a cost plus deal structure works with sample assumptions
$

The actual cost of construction aka sticks, bricks and labor is $500,000

$
The cost to manage the project is $2,000 weekly and the project duration is six months (6 months × 4.3 weeks/month × $2,000): $51,600
$

McSwain Builders has agreed to a 15% GC fee (15% of total project cost): $80,805

$

General Liability Insurance (2% of total project cost): $10,774

Total Contract Amount: $630,279

Change Orders

HOW WE HANDLE CHANGE ORDERS

Very few projects are completed without at least a few changes to the original scope of work. When changes occur, the specific costs associated with the change order are estimated before the work occurs. The customer is then presented with a simple document identifying the change order and the cost(s) associated with the change. The customer is required to sign the change order and return that document to the Builder before work for the change order starts and/or before parts/materials are ordered. Builders markup change orders just like they mark up the cost of construction.

Here’s an example:

$
Change from oak hardwood flooring to
walnut hardwood flooring $4,500
$

GC Fee (15%): $675

$

Insurance (2%): $90

Total cost of change order: $5,265

Additional Costs

ADDITIONAL PROJECT MANAGEMENT COSTS

Additional budget for Project Management is sometimes added to the cost of a change order depending on the complexity of the change order and how subs, suppliers and overall schedule will be impacted. Assuming the change results in more time needed to complete the overall project than what was estimated on the original Project Budget, it is safe to assume that additional budget for Project Management will be added to the cost of the change order.

COST-PLUS CONTRACTS

RFV Construction Market

Estimate Costs

Let’s Talk About Your Project

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Our Service Area

Proudly Serving Aspen & Surroundings

At McSwain Builders, we proudly serve Colorado’s mountain communities from Aspen and Snowmass to Basalt, Carbondale, and beyond. Every project is built on craftsmanship, transparency, and trust.

With over 500 completed projects, we deliver custom homes and remodels that reflect the beauty, lifestyle, and legacy of the Roaring Fork Valley.


Our Service Areas Include:

Aspen
Basalt
Snowmass Village
Missouri Heights
Woody Creek
Carbondale
Old Snowmass