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                Get Construction Contract Cost Plus Or Fixed Fee - Wyoming
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How to fill out the Construction Contract Cost Plus Or Fixed Fee - Wyoming online
Completing the Construction Contract Cost Plus Or Fixed Fee for Wyoming online is a straightforward process. This guide will walk you through each section of the contract, ensuring that you understand how to properly fill out the form to meet the requirements.
Follow the steps to successfully complete the form online.
- Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
- Begin by filling in the Contractor's name and address. Ensure that you provide accurate information to avoid any potential disputes.
- Next, enter the Owner's name and address in the designated fields. This identifies the parties involved in the contract.
- In the Scope of Work section, provide a detailed description of the project including all labor, materials, and specific work to be done. Refer to the drawings and specifications that should accompany the contract.
- Indicate the Work Site location clearly, ensuring all relevant addresses are correct.
- Fill in the Time of Completion dates, specifying when the Contractor will start and when the project is expected to be substantially completed.
- Address the Permits section, confirming that the Contractor will apply for and obtain necessary permits before work begins.
- In the Contract Price section, choose between the Cost Plus or Fixed Fee method and provide the corresponding payment details.
- Continue through the form, completing sections on Late Payment, Destruction and Damage, and any additional clauses that apply.
- Finally, ensure that both Contractor and Owner sign and date the contract at the bottom. Provide any additional required information, such as the License Number, if applicable.
- Save your changes, and consider downloading or printing the completed form for your records or sharing it with relevant parties.
Complete your Construction Contract online for a hassle-free experience!
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.
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