Is a client required to pay the full amount of contract price for work performed if the work is completed under budget?

Asked on September 18, 2014 under Business Law, Florida


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

If the contract was to do the work for $X, then the client must pay the agreed-upon amount. If the contract or agreement was to pay "cost plus $X," or anything similar to that, then if the job comes in under budget, it would reduce the cost or charge. The issue is what the agreement was for; the terms of the agreement will control.

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