Fixed price
A price written in the estimate that is the price paid, with no open-ended change-order language for conditions that should have been tested on day one.
A fixed price is not a marketing position. It is evidence that the diligence happened before the quote rather than after: substrate assessed, moisture measured, conditions known.
Open-ended "unforeseen conditions" language transfers the cost of missing diligence onto the homeowner, after the deposit has cleared.
Related
Terms this one depends on
- Change orderA mid-project price increase — on a hardwood job, most often for substrate conditions that a proper assessment would have found before quoting.
- SubfloorWhat the finished floor is installed onto — plywood over joists, a concrete slab, or a radiant assembly — and the thing that determines the installation method.
- Moisture contentThe proportion of water in wood or in a subfloor, measured before installation and used to decide whether the two are compatible.
Provenance
Where this definition comes from
Framework pillars this term is material to
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