Fixed price
A price written in the estimate that is the price paid, with no open-ended change-order language for conditions that should have been tested on day one.
A fixed price is not a marketing position. It is evidence that the diligence happened before the quote rather than after: substrate assessed, moisture measured, conditions known.
Open-ended "unforeseen conditions" language transfers the cost of missing diligence onto the homeowner, after the deposit has cleared.
Related
Terms this one depends on
- Change orderA mid-project price increase — on a hardwood job, most often for substrate conditions that a proper assessment would have found before quoting.
- SubfloorWhat the finished floor is installed onto — plywood over joists, a concrete slab, or a radiant assembly — and the thing that determines the installation method.
- Moisture contentThe proportion of water in wood or in a subfloor, measured before installation and used to decide whether the two are compatible.
Provenance
Where this definition comes from
Framework pillars this term is material to
If you are dealing with this on a real floor: hardwood installation, or get a fixed written price after a measure.
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