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Get Florida Construction Contract Cost Plus Or Fixed Fee
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How to fill out the Florida Construction Contract Cost Plus Or Fixed Fee online
Filling out the Florida Construction Contract Cost Plus Or Fixed Fee can seem daunting, but this guide will help you navigate it seamlessly. This document is essential for outlining the terms of your construction agreement, whether you choose a cost plus or fixed fee structure.
Follow the steps to complete your construction contract form.
- Click ‘Get Form’ button to access the construction contract. This will allow you to fill out the necessary details online.
- In the first section, fill in the names and addresses of both the Contractor and Owner. Ensure that both parties are clearly identified for legal purposes.
- Describe the scope of work. Include all necessary labor and materials as well as a detailed description of the project, referring to any drawings or specifications that have been made part of this contract.
- Specify the work site by including the property address where the project will take place. This is critical for clarity on where the work will be done.
- Indicate the time of completion by filling in the start and substantial completion dates. Be aware that delays due to outside circumstances may not be the Contractor's liability.
- Outline any permits that will be necessary. The Contractor is generally responsible for obtaining these, so make sure this information is clear to avoid unnecessary costs.
- In the contract price section, choose between cost plus or fixed fee. If selecting cost plus, indicate the actual costs plus an agreed-upon fee. If opting for a fixed fee, specify the total amount for the services.
- Address terms of payment. Outline when payments are due and any associated penalties for late payments. It's important that this section is well-defined to avoid future disputes.
- Review the sections about changes to the scope of work and ensure that you agree on how changes will be handled, including the necessity of written Change Orders.
- Before submitting, verify that all information is accurate, and ensure both parties sign and date the document to finalize the agreement. You may then save changes, download, print, or share the form as necessary.
Ensure your construction project is well managed by completing and filing your documents online today.
What is cost-plus pricing? Cost-plus pricing is also known as markup pricing. It's a pricing method where a fixed percentage is added on top of the cost it takes to produce one unit of a product (unit cost). The resulting number is the selling price of the product.
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