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Get Florida Construction Contract Cost Plus Or Fixed Fee

NOTICES FLORIDAS CONSTRUCTION LIEN LAW FLORIDA STATUTES 713.015 ACCORDING TO FLORIDAS CONSTRUCTION LIEN LAW (SECTIONS 713.001713.37, FLORIDA STATUTES), THOSE WHO WORK ON YOUR PROPERTY OR PROVIDE MATERIALS.

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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.

  1. Click ‘Get Form’ button to access the construction contract. This will allow you to fill out the necessary details online.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.

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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.

Cost Plus Contract Disadvantages For the buyer, the major disadvantage of this type of contract is the risk for paying much more than expected on materials. The contractor also has less incentive to be efficient since they will profit either way.

A cost-plus-fixed-fee contract is a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract.

Cost-Plus Agreements: With this contract, the owner pays a contractor for the costs incurred for labor, materials, and other services. On top of these expenses, the “plus” is an additional amount intended to serve as profit for the contractor.

A: As an example, a cost-plus contract may establish that the total estimated cost of a building project is $10 million plus a fixed fee of $1.5 million, roughly 15% of the total cost, as the contractor's profit. So the total expense to the buyer would be approximately $11.5 million —the cost plus the fee.

A CPPC contract is one that is structured to pay the contractor his actual costs incurred on the contract plus a fixed percent for profit or overhead (that is not audited/adjusted) and which is applied to actual costs incurred.

Budget: A fixed-price contract is just that: fixed. The agreed-on price at the beginning of the project is the price at the end. Conversely, a cost-plus contract estimates a project's costs but doesn't set the final price until the project is completed.

Unlike a fixed-cost construction contract, a cost-plus construction agreement is a contract in which the owner pays the contractor the actual costs of the materials and labor plus an additional negotiated fee or percentage over that amount.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232