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Letter of Intent pricing tightens the focus, breaks out costs in up to twenty five categories, and provides a combination of allowances and hard numbers for specified materials. It is upon acceptance of this round of pricing that we ask for a deposit and ask to sign a Letter of Intent to work together. The Letter of Intent along with the deposit will hold a place in our schedule and gives us the go ahead to work with you and your architect to develop the plans into final construction drawings.
Contract Pricing
This is the fixed price cost for the scope of work outlined in the final construction drawings and specifications. This price will not be exceeded unless you approve work outside of the scope of the contract. At contract signing we will apply your deposit to the first scheduled payment. If you choose not to sign the contract we will refund 50% of the deposit.
The process has 3 clear steps and 3 clear points at which to proceed or not. In the best case scenario we’ve helped to value engineer the project and been included in a way that promotes a partnership that leads to the best possible project. Pinneo Construction is not in business to be a consultant, but in a worst case you will have received a great deal of value in our good faith estimates and frank and opinionated discussion that many feel make us good partners in the design intent.
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