Cost Plus Contract Template With Ceiling Figure

State:
Florida
Control #:
FL-00462
Format:
Word; 
Rich Text
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Description

The Cost Plus Contract Template with Ceiling Figure is a vital legal document used primarily in construction agreements. It allows the contractor to charge the owner for the actual cost of materials plus a fixed fee, while ensuring that costs do not exceed a specified ceiling amount. This template includes essential clauses like the scope of work, time of completion, and payment terms. Important instructions for filling out the form involve clearly specifying the project details, costs, and ensuring compliance with Florida's Construction Lien Law, which protects all parties from financial disputes. Additionally, contractors are advised to provide lien releases upon payment, safeguarding owners against liens for unpaid subcontractors. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate or construction, as it helps ensure clarity and accountability between parties. The simplicity of the template also enables users with little legal knowledge to understand and utilize it effectively for their projects.
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  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee

How to fill out Florida Construction Contract Cost Plus Or Fixed Fee?

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FAQ

plus contract is one in which the contractor is paid for all of a project's expenses plus an additional fee for the job. The additional fee is intended to be the contractor's profit.

FPIF has a price ceiling while CPIF doesn't have a ceiling associated w/ cost. FPIF normally involves progress pmts while CPIF is based on reimbursing the ktr for total costs incurred, after consideration of the incentive arrangements that meet the tests of regulatory cost principles.

The two main variations of this approach to bidding are cost-plus-a-percentage and cost-plus-a-fixed-fee. Cost-plus-a-percentage. In this scenario, the contractor bills the client for his direct costs for labor, materials, and subs, plus a percentage to cover his overhead and profit.

The two main variations of this approach to bidding are cost-plus-a-percentage and cost-plus-a-fixed-fee. Cost-plus-a-percentage. In this scenario, the contractor bills the client for his direct costs for labor, materials, and subs, plus a percentage to cover his overhead and profit.

Cost Plus Contract An owner agrees to pay the cost of the work, including all trade subcontractor work, labor, materials, and equipment, plus an amount for contractor's overhead and profit.

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Cost Plus Contract Template With Ceiling Figure