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💡 Thinking about signing a contract soon? The decision could make or break your project. Picking the right building contract can mean the difference between profit and disaster. PK and CK discuss fixed-price vs. cost-plus contracts, revealing the risks, rewards, and valuable lessons that investors and developers need to know. Follow PK on IG: / peterkellyofficial 🔍 What you’ll learn: ▪️Fixed Price Contracts – Safe bet or budget trap? ▪️ Cost-Plus Contracts – More flexibility, but at what risk? ▪️ Hidden pitfalls – The fine print that could cost you big $$$ ▪️ What contract works best for your property development project? With rising construction costs, booming dual occupancy projects, and the Melbourne property market evolving, developers and investors must choose the right strategy to maximise profit and avoid costly mistakes. 🏡 Whether you’re building a duplex, townhouse, or subdividing land, this episode is packed with insights to help you succeed. 00:00 - Intro 00:58 - Powered by ReadyBuild™ 01:48 - Episode Overview 02:26 - Fixed Priced Contract Explained 09:40 - Cost-Plus Contracts Explained 12:55 - Fixed Price vs. Cost Plus: Which Is Better? 19:55 - Changing Cost of Labour Materials 22:30 - The Winning Contract 22:27 - Happy Developing! #melbournebuilders #buildingcontracts #building #propertypodcast