SAVINGS!
A well-coordinated Open Book contract can save on overall project costs. For instance, with a FIXED PRICE CONTRACT, RBBC can save money by finding a better material price or using labor-saving strategies, those savings revert back to RBBC. However, with an OPEN BOOK CONTRACT, those savings are YOURS!
TRANSPARENCY!
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Detailed scope of work with cost estimates that reference the stamped project plans and specifications.
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Detailed budget as an exhibit. If any scope of work is changed or added, a change order will be created, even if it's a no-cost change.
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DVR = Document, Verify, and Reconcile.
TRUST!
There are different ways to contract to build your home. If you choose Open Book, remember that this type of contract is very collaborative between the owner and RBBC. When you establish trust and both parties work together throughout the project openly, GREAT things happen.
