Leaving very little wiggle room for changes, additions or even a change to think about your choices.
The good thing about this type of contract is if this is your first house being built for you.
It keeps you on schedule and in budget.
The good thing about this contract is that the contractor and sub contractors are locked into a price per hour rate and a percentage of profit.
This type of contract differs from the new building contract, yes you can get the same results with both contracts but a lot more paperwork, down time (with no one working at the housing site) and higher end price tag.
Remember the more detailed the contract the better it is.
Don’t let it scare you if there a lot of papers to sign.
It’s in your best interest to have a 40 page plus contract.