Homes and renovations
Understand the numbers behind your project.
Under a cost-plus contract you pay the actual cost of labour, materials and trades, plus an agreed fee. You see the invoices. It suits projects where the scope may change, and it is not the right choice for everyone.
- Suits you if
- Your scope may change, or you want to see every invoice behind the price.
- To scope it, we need
- Your address and municipality
- Which rooms or areas are in scope
- The season or date you would like to be finished by
What usually prompts the call
Common concerns
- A lump-sum quote hides the contractor’s margin and contingency.
- You expect the scope to change as the project develops.
- You want to choose your own finishes without paying a markup you cannot see.
- You want proof of where the money went.
What NorthPeak does about it
- Supplier and trade invoices shared with you.
- A fee agreed in writing before work starts.
- A budget that is updated as costs are confirmed.
- Written approval for every change before it is built.
What is in the scope
In a typical scope
- A written budget by trade and stage
- Copies of supplier and trade invoices
- Regular cost reports against the budget
- A written change-order process
- A final cost statement at completion
Options to discuss
- Cost-plus with a fixed fee
- Cost-plus with a percentage fee
- A fixed-price contract, where the scope is fully defined and you prefer price certainty
Your own scope is written for your house and may differ from this list.
What shapes the plan and the price
Cost drivers
- The actual cost of labour, materials and trades
- The agreed fee
- Changes you request during the project
- Conditions discovered once work begins
Permits and inspections
Permit fees are a project cost and appear in your cost reports like any other invoice.
We do not publish price ranges, because a range wide enough to be true is too wide to be useful. You receive a written estimate after a site visit, as a fixed price or a cost-plus contract.
How the work runs
Step 1 · First
Open-book review
We explain how cost-plus works, look at your project and tell you plainly whether cost-plus or fixed-price suits it better.
Step 2 · Before the contract
Budget
You receive a budget built from quotations and allowances. It is an estimate of cost, and the contract says so.
Step 3 · Before any work starts
Contract and schedule
The contract sets the price structure, the payment schedule, how changes are approved and who is responsible for each permit. A written schedule comes with it.
Step 4 · During the build
Construction and reporting
Costs are recorded as they come in and reported to you against the budget.
Step 5 · As they arise
Changes
Each change is priced and approved in writing before the work is done.
Step 6 · At completion
Final statement
You receive a final statement of costs and fee, supported by the invoices.
Cost-plus construction: common questions
Is cost-plus cheaper than fixed-price?
Not necessarily. Cost-plus shows you the real costs, and the final total can come in above or below the budget. A fixed price gives more certainty for a scope that does not change.
What stops costs from running away?
A written budget, regular cost reports and a rule that no change proceeds without your written approval. You see overruns as they develop, not at the end.
What is the fee?
It is agreed with you and written into the contract before work starts.
Can I see the actual invoices?
Yes. That is the point of the arrangement.
NorthPeak is a new company. Why should I trust it with my project?
NorthPeak Developments Inc. was incorporated in Alberta in 2026. We would rather tell you that than hide it. What we offer in place of a long company history is a process you can check: a written scope, a contract that explains every cost, and documented approvals for every change.
Related services
Plan your project
Ready to talk about cost-plus construction?
The service is already chosen. Add your municipality and when you would like to start, and we write the message to Gurdeep Singh. You read it, change it and send it.
Gurdeep Singh
Plan your project in four short steps
Your message goes to Gurdeep Singh on 587 896 0002. You review it and press send.
Still to choose: a municipality, a timeline.
WhatsApp opens in a new tab with the message filled in. Nothing is sent until you press send.