How to choose between a fixed price or time and materials contract for building

In this video we discuss the difference between 'Fixed Price' and 'Time and Materials' for small building jobs, and which is better for your needs.

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[andy-jac]

Here's how it really goes. No estimates, no quotes, just pleas for help.

--Yesterday, a Property Manager calls me, "Can you meet me and the owner at this property on Monday?" "Neither the owner, nor I, have a key. You'll have to drill the locks, and we want to do a rehab walk through for you an urgent remodel list."
I said, "Sure. You can count on me."
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He might as well have said, "Can you meet me and the owner and give us a good financial drubbing in exchange for forced entry and a good remodel job?"
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