Experience Our Bold New Pricing Model "COST PLUS Contract"
Pay only Project Cost (2199 per sft) + Fixed fee (300 per sft)
What is Cost Plus Contract?
Imagine hiring a friend to bake you a birthday cake. Typically, you’d agree on a flat price for the cake, right? That is a fixed-price contract.
In a cost-plus contract, you agree to pay your friend for all the ingredients needed to bake the cake, including all special toppings according to your taste. You also agree to pay your friend a fee for their time and effort in baking the cake.
This way, you can see what you’re paying for and ensure you’re not overcharged
Our Expertise
For 20 years, we’ve mastered the art of construction. We understand that each construction project has its unique requirements and challenges.
We have reimagined traditional pricing with our revolutionary pricing model that the construction industry has never offered before.
With our cost-plus contracts, you have full transparency and control over the costs. We break down the expenses into materials and labour, ensuring you see exactly what you’re paying for.
This approach guarantees that you only pay for actual expenses, allowing you to manage your budget more effectively and avoid hidden charges.
Quality is non-negotiable
Our preferred Construction materials
Explore Our Premium Material choices, perfected by two decades of industry experience and case studies.
Tata steel
River Sand
wirecut bricks
FRLS Cables from Finolex
jaquar bathroom fittings
UPVC pipes for Plumbing lines from ashirvad
ultratech cement
Full glass railing for balcony
Our commitment
On-Time Delivery
We understand the importance of deadlines. Our team is dedicated to planning and executing projects efficiently to ensure we deliver on time, every time.
Within Budget
We know that sticking to a budget is crucial. By meticulously managing resources and expenses, we ensure that our projects are completed within the agreed budget without compromising on quality.
Smooth Project Completion
We guarantee smooth project completion at every stage while keeping the budget intact. Our thorough planning and execution ensure a hassle-free process from start to finish.
Stuck with your Contractor? Need a hand finishing your project?
Advandage of Cost Plus Construction
Constructing a building has three main phases: pre-construction, construction and post-construction.
The pre-construction stage entails the designs, drawings, permits and paperwork needed for the project. Material procurement, workforce/resource allocation, and project management are vital during construction. The post-construction phase focuses on final touches and handover.
Cost-plus pricing gives you the power to handle funds for design, material supply, and resources
#1 Financial Control
You handle the funds directly and pay OLS for project execution, management and resource supply every month.
#2 Transparency
Our pricing model offers exceptional transparency. You will always know what you're paying for, from design to material procurement, labour payment, Project execution, and management. So, your project is on track, with no budget overruns, hidden fees, or surprises
#3 Save On Taxes
The Cost-Plus system allows you to optimise expenses to avoid double GST on materials and the GST for labour payment by enabling you to make direct payments to suppliers and vendors
#4 Flexible And Customized Pricing
Do you have the designs and want us to help you build them? We can do that for you. Or do you want us to design, build, and take charge of everything from scratch to finish? We do that, too! We will work with you to create a customized pricing plan that fits your budget and vision.
#5 Zero Advance, Happy Handover
Clients have the right to know their construction costs, where their money goes, and when they pay. The Cost-Plus model has NO lumpsum advance on Project Value. Just straightforward pricing to keep your project in control and your budget in check!
cost plus vs fixed price
| Cost-Plus | Fixed-Price (Lump Sum) |
|---|---|
| Payments are made only after materials arrive and specific work is done, ensuring clients keep control of their funds until needed. | Clients must pay large upfront amounts, which can put their funds at risk without assurance of completed work or delivered materials. |
| Cost-Plus | Fixed-Price (Lump Sum) |
|---|---|
| Potential for saving up to 10% on total project costs by paying vendors directly, reducing middlemen expenses. | No opportunity for savings; All expenses are fixed and agreed in advance, regardless of actual costs incurred. |
| Cost-Plus | Fixed-Price (Lump Sum) |
|---|---|
| High-quality work is assured as profit to the company or contractor isn’t dependent on cutting costs on labour and material quality. | Risk of poor quality materials and workmanship to maximise profit. |
| Cost-Plus | Fixed-Price (Lump Sum) |
|---|---|
| Offers detailed cost breakdowns for labour, materials, and contingency, enabling clients to make informed decisions. | Lacks a clear understanding of expenses, leading to uncertainty and unexpected charges, making it harder for clients to track where their money goes. |
| Cost-Plus | Fixed-Price (Lump Sum) |
|---|---|
| Easy accommodation for changes and customisations without extensive renegotiation, making it ideal for projects with unique requirements. | No adaptability or customisation, as everything is specified and agreed upon even before the project begins |
| Cost-Plus | Fixed-Price (Lump Sum) |
|---|---|
| Clients have significant control over the project, allowing active participation in decisionmaking and adjustments throughout the process. | Limits client involvement in decision-making, reducing their ability to influence project outcomes and oversee critical aspects. |
| Cost-Plus | Fixed-Price (Lump Sum) |
|---|---|
| Faster project progression due to flexibility in decision-making and adjustments, ensuring timely completion. | Project timelines can be slower due to rigid contract terms and less flexibility in adapting to changes, which can potentially cause delays. |
| Cost-Plus | Fixed-Price (Lump Sum) |
|---|---|
| Strategical allocation of skilled manpower, prioritising expertise and artistry to enhance overall project quality. | Constraints on cost minimisation or cutting corners for profit margins may compromise on skill and expertise of the workmanship. |
Crafting houses that give you happy memories from Day One!
Ready to Get Started
Take the first step towards transforming your vision into reality with OLS. Schedule a consultation with our team. Or talk to us to learn more.