Whitty Street
Five townhouses on one site at 21 Whitty Street, Sunshine, delivered under an open-book cost-plus contract with staged occupancy.
The problem.
Five dwellings on one site, for a client who wanted to see where every dollar went. A fixed price hides the detail. Cost plus exposes it, and only works if the builder is prepared to run an open book.
The approach.
The project was priced under an open-book cost-plus arrangement, with trade and supplier invoicing visible to the client throughout. Dwellings were completed progressively rather than all at once, with occupancy staged as each was certified.
The outcome.
Occupancy certification issued and five dwellings handed over in stages. Cost plus suits a client who wants to engage with the detail, and it requires a builder willing to open the books.