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Old 11-20-2018, 12:12 PM   #18
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City: Reedville, VA
Country: United States
Vessel Name: Pending...
Vessel Model: Between Boats
Join Date: Aug 2018
Posts: 330
Doug Hylan (a great American and darn fine boatbuilder) wrote a great article in Wooden Boat magazine a number of years ago discussing Cost plus Fixed Fee contracts.

I have come to agree with his position that these provide the best alignment of interest between a builder and buyer. Both Cost Plus and Firm Fixed Price contracts provide incentive to the builder to use change orders as a profit center. [Unfortunately, I've been tangentially involved in a fair amount of contract negotiation in my military life]

To date, I've seen no indication that my builder is doing that and I did business with them because I have faith that they won't. But I guess I won't know for sure until we are done with the build. If they do a good job, I'll certainly report on that.
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