Lillie Cameron

2007, okay.

I mean, it depends.

It depends on if you're doing a...

a fixed rate versus a cost plus contract um you know we actually made a a pretty big boo-boo in the last in the last year on a fixed rate contract where we thought we had we thought we had estimates done really well um the project went over what we thought was going to be right so a fixed rate contract is essentially where you say hey we know exactly what this project is going to cost it's not going to go over that amount we've you know done the estimates and we we feel fairly confident in that and so the customer knows that they're going to pay this much

And don't handle change, well you usually have a clause in there for change orders that if, you know, if there is actually a scope change or a change to what was agreed upon, that there's a cost associated with that.

Okay.

And then a cost plus contract and

in a nutshell is essentially where you can be a little bit more agile and as in the building process, especially when you're building custom homes, it's really important to be able to be agile through that process because I'll tell you what, once you see that over there and then you realize, oh, I really want my kitchen to open this and I want this wall to be open and I want to do this and I want to do this.

Those are changes that clients will make and they'll want to make and you want to work with them on that process.

And so we'll do it, whatever the cost is for the build, you're completely upfront with the cost.

The customer see all of the invoices, everything, and then you're paying a margin, a fee, 20%, what have you for the builder on top of that.

That was probably a $50,000 hit.

Okay.

That was early this year.

Early this year.

This year.

Yeah, and especially with the projects that we're doing and allowing us to be a little bit more agile, Cost Plus tends to work out better for both parties.

It varies on the size of the project.

So if you're if you're typically, you know, we're only doing larger scale remodels, but new builds two or three, because usually these are fairly high, extremely high touch.

Yeah.