Types of Contracts

  1. Time and Materials Contract (T&M): A rough cost estimate is given. The owner is billed biweekly for contractors cost of labor, materials and subcontractors plus a percentage for profit and overhead. Contractors invoice will include copies of all materials receipts and subcontractors invoices.
  2. Fixed Amount Contract: A set price is given for the plans drawn. You pay no more or no less than agreed upon contract. A payment schedule is agreed on.
  3. Bid Contract: Architect usually selects three contractors to bid on project with contract given to the lowest bidder.

EBC has worked with all three types of contracts. We are honest in our work and our price.