If you’ve been researching the idea of building a custom home or doing a whole-home renovation, you’ve likely seen the term “cost-plus” pop up. For some, it might sound like flexibility and fairness. For others, it might raise alarm bells about fiscal uncertainty and scope creep.
At Falcon Heights, cost-plus is a structured, transparent approach that gives clients like you -full visibility- into your budget while allowing project decisions to be made at the right time. Our systems are designed to remove any and all grey areas, giving you confidence, even when the unexpected could arise.
In the simplest terms, our cost-plus model means clients are billed for actual labour (with no markup), and materials, subcontractors, and project costs, which include a clearly defined, pre-set markup percentage.
Not to be thought of like an open tab, your project’s budget is detailed, traceable, always viewable and backed by documentation.
Before construction even begins, we ask clients to sign a Letter of Engagement (LOE). This covers the early phases of planning: budgeting, coordination, engineering, permitting, and alignment between all moving parts.
The LOE protects your investment from the start while allowing our team to contribute to a buildable, high-performing home design that aligns with your vision, budget, and priorities before contracts are signed.
No matter what phase changes may happen in, our system makes them manageable by allowing minor changes to move forward with verbal approval plus clear written documentation that outlines any impact on budget or schedule.
Alternatively, larger scope changes are documented and approved in writing before any of their work begins.
Either way, you’re never, ever left wondering what’s been agreed upon, what’s changing or what it’ll cost.
Through our Project Portal (powered by JobTread), you get full access to your build in real time:
This is especially helpful for busy professionals, clients who live out of town or simply want to be hands-off at any given, or all, time.
From the first call to the final walkthrough, your experience will include:
Every step is planned. Every detail is documented.
We believe custom homes and major renovations deserve more than ballpark figures and vague timelines. With our cost-plus approach, what you see is what you get, plus the flexibility to make decisions along the way, with no surprises in the fine print.
Book a consultation today at falconheights.ca to learn how we can bring transparency, craftsmanship, and confidence to your project.
