Architectural firms that specialize in designing and constructing one-of-a-kind custom homes often use which price policy to set prices?

Question

Quizplus · Accepted Answer

Architectural firms that specialize in designing and constructing one-of-a-kind custom homes often use cost-plus pricing to set prices. This is because the cost of materials, labor, and other expenses can vary widely depending on the specific project requirements. Cost-plus pricing ensures that the firm will earn a certain profit margin above the actual costs of the project. This method of pricing also provides transparency to clients, as they can see exactly how their money is being spent on the project.

Architectural Firms That Specialize in Designing and Constructing One-Of-A-Kind Custom