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CONSTRUCTION CONTRACTS CONSTRUCTION CONTRACT (Contract), effective as of the date of the last party to sign below, is between, having an address at ( Contractor ) and, having an address at ( Owner.

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Overview: Cost-Plus vs Fixed Price The two main types of contracts for a custom home or remodeling project are cost-plus and fixed price. In a fixed-price contract, the total cost is predetermined. However, with cost-plus, the expenses are estimated but the final price isn't determined until the project is complete.

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.

A form of contract formerly used but now illegal for use by DoD that provided for a fee or profit as a specified percentage of the contractor's actual cost of accomplishing the work to be performed.

A fixed fee arrangement is an alternative to the standard hourly rate used by solicitors with a fixed price for each stage of legal work. It is not dictated by the time spent. This gives certainty of legal cost enables you to budget for your lawyer's fees.

Types of Cost-Plus Contracts They each allow for the reimbursement of costs as well as an additional amount for profit: Cost-plus award fee contracts allow the contractor to be awarded a fee usually for good performance. Cost-plus fixed-fee contracts cover both direct and indirect costs, in addition to a fixed fee.

Take your total cost of production and subtract your variable costs multiplied by the number of units you produced. This will give you your total fixed cost. You can use this fixed cost formula to help.

What Is a Fixed-Price Contract? A fixed-price contract is a contract where the agreed-upon price for the job is unchanged throughout the project. It doesn't matter if more time, materials or labor must be used than first estimated, the price stays the same. It's one of the more straightforward construction contracts.

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.

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© Copyright 1997-2025
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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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
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 workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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