Is the cost in "Cost plus fixed fee" the construction cost or the cost of the archi. firm needs to run the project?(Overhead+direct labor)?
Is the cost in "Cost plus fixed fee" the construction cost or the cost of the archi. firm needs to run the project?(Overhead+direct labor)?
Thanks!
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If you are looking at the construction type of Cost plus Fixed Fee, it is the cost of the materials and labor to install / construct / build the project plus a fixed fee for the GC to do the job. So, no matter if the cost of the project goes up or down, the GC gets paid the same fee.
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