Open Book Pricing
What is Open-Book Pricing?
Open-book pricing is a transparent pricing model where clients have full visibility into the costs of a project. This includes:
● Material costs
● Subcontractor bids
● Labor expenses
● Permits and fees
● Overhead and profit margins
Why Use Open-Book Pricing?
1. Transparency: Clients can see exactly where their money is being spent.
2. Collaboration: Encourages a partnership approach between the contractor, consultants, and the client.
3. Cost Control: Clients are involved in decision-making, allowing them to prioritize based on their budget.
4. Trust Building: Ensures honesty and accountability throughout the project.
How Alan Victor Garrett Implements It
● Detailed Budget Breakdown: We provide a comprehensive breakdown of all costs at the start and update it regularly.
● Open Communication: Clients have access to our books and can review estimates, invoices, and contracts.
● Collaborative Decisions: We work with clients to choose materials, trades, and design elements that align with their vision and budget.
● Efficient Project Management: By partnering with consultants and maintaining transparency, we streamline decision-making and reduce surprises.
The Alan Victor Garrett Advantage
With open-book pricing, we aim to strengthen trust and collaboration, ensuring our clients feel confident in every aspect of their project. By combining transparency with our expertise, we deliver exceptional results while respecting the unique needs and priorities of each client.
At Alan Victor Garrett, open-book pricing is not just a method—it’s a philosophy. It reflects our dedication to building not just beautiful residences, but also enduring relationships with our clients.