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  • Ga Gahba Cost Plus Percentage Contract

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_______ day of ___________________, 19_______ between ___________________________________, the owner, and _________________________________ __________________________, the contractor. The owner and the contractor agree as set forth below: 1. The contractor accepts the relationship of trust and confidence established between his company and the owner by this agreement. He covenants with the owner to furnish his best skill and judgment in furthering the interest of the owner. He agrees to furnish .

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What Is a Cost-Plus Contract? A cost-plus contract is an agreement to reimburse a company for expenses incurred plus a specific amount of profit, usually stated as a percentage of the contract's full price.

For instance, under a lump sum arrangement, an architect firm is usually paid its total fee once it has supplied all the deliverables acceptable to the Employer. The construction industry often engages in lump sum contracting. In most cases, the building owner signs a lump sum agreement with a general contractor.

Cost-plus contracts are similar to lump sum contracts in that the owner agrees to pay the contractor's costs, including labor, subcontractors, equipment and materials and an amount for the contractor's profit and overhead. But instead of a lump sum to cover all the expenses, those costs are reimbursed individually.

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.

A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance.

A unit price contract, also known as a measurement or remeasurement contract, bases project costs on the number of units necessary for completion. Costs are accrued incrementally as the project progresses. A lump sum contract, also known as a stipulated sum, reflects a total fixed fee for an entire project.

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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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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