
Q
"Ok here is question #2 Please answer the first question then the 2nd question separate.
Thanks,
You own a small home that you bought with your spouse six years ago. Since that time you have had additions to your family. There is Billy, 5 years old, Bobby, 3 years old and Cindy, 1 year old. There is also your Labrador retriever, Spike; and Fluffy the cat. You don’t want to move to a large home because you love your home and the location. Therefore, you have decided to build an addition onto the house. You have $50,000 for this addition. There is no leeway with funds. You found two contractors who state they can do the job for you and you will get everything in the specs that you provided to them. The only difference between these two contractors is one contractor is offering you a fixed-price contract and the other contractor is offering you a cost-reimbursement contract.
Question to answer: What contractor would you go with and why?
"
Thanks,
You own a small home that you bought with your spouse six years ago. Since that time you have had additions to your family. There is Billy, 5 years old, Bobby, 3 years old and Cindy, 1 year old. There is also your Labrador retriever, Spike; and Fluffy the cat. You don’t want to move to a large home because you love your home and the location. Therefore, you have decided to build an addition onto the house. You have $50,000 for this addition. There is no leeway with funds. You found two contractors who state they can do the job for you and you will get everything in the specs that you provided to them. The only difference between these two contractors is one contractor is offering you a fixed-price contract and the other contractor is offering you a cost-reimbursement contract.
Question to answer: What contractor would you go with and why?
"

A
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