Fixed Price vs Cost Reimbursement: How to Navigate Cost Fluctuations in Build Contracts

Fixed-price building contracts have long been a go-to option for homeowners wanting price certainty—but in today’s construction climate, “fixed” doesn’t always mean what it used to. With inflation, supply chain issues and labour shortages still affecting the market, homeowners need to understand the mechanics (and risks) of cost fluctuation clauses and their alternatives.