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Cost Plus or Lump Sum When Securing an Estimate

forkids
15 years ago

We are in the very beginning phases of finding a contractor to finish our basement. I have very clear ideas of what I want and I believe they all fit in the square footage. I'm fairly sure of what kind of flooring, fixtures, lighting, etc. but...I have no idea what an average price might be. I know there can be a huge range based on the finishing and fixtures that I want but is there any ball park that one starts with. Is is better to go with a cost plus contract or a lump sum contract. I'm afraid of costs getting out of control on one or too restrictive on another. Any advice would be very much appreciated. Any recommendations for reputable contractors in the NORTHERN VA area? Thank you!

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