Peter Kelly Property

Fixed Price vs. Cost-Plus Contracts: What Works Best?


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💡 Thinking about signing a contract soon? The decision could make or break your project.

Picking the right building contract can mean the difference between profit and disaster. PK and CK discuss fixed-price vs. cost-plus contracts, revealing the risks, rewards, and valuable lessons that investors and developers need to know.

🔍 What you’ll learn:

▪️Fixed Price Contracts – Safe bet or budget trap?

▪️ Cost-Plus Contracts – More flexibility, but at what risk?

▪️ Hidden pitfalls – The fine print that could cost you big $$$

▪️ What contract works best for your property development project?

With rising construction costs, booming dual occupancy projects, and the Melbourne property market evolving, developers and investors must choose the right strategy to maximise profit and avoid costly mistakes.

Whether you’re building a duplex, townhouse, or subdividing land, this episode is packed with insights to help you succeed.

🏡 Are you into property and development? Join the Little Fish Network for FREE and unlock our $20,000 Townhouse Masterclass® today! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Click here now⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠—it takes two seconds, and it’s free 💰🚀

00:00 - Intro

00:58 - Powered by ReadyBuild™

01:48 - Episode Overview

02:26 - Fixed Priced Contract Explained

09:40 - Cost-Plus Contracts Explained

12:55 - Fixed Price vs. Cost Plus: Which Is Better?

19:55 - Changing Cost of Labour Materials

22:30 - The Winning Contract

22:27 - Happy Developing!

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Peter Kelly PropertyBy Little Fish Property