This form is a Construction Contract that may be executed with either a cost plus or fixed fee payment arrangement. The form contains the following additional subject matters and complies with the laws of the State of Florida: scope of work, work site, warranty and insurance.
A cost plus percentage contract template is a legally binding agreement that outlines the terms and conditions between a client and a contractor. This type of contract is commonly used in construction and consulting industries, where the final price is determined by adding a predetermined percentage fee on top of the actual cost of the project. This template provides clarity on the financial arrangement and protects the interests of both parties involved. Keywords: cost plus percentage contract template, agreement, client, contractor, construction industry, consulting industry, predetermined percentage fee, actual cost, project, financial arrangement, protection, interests. There are several variations of cost plus percentage contract templates, including: 1. Cost Plus Fixed Percentage (CFP) Contract: This type of contract template specifies a fixed percentage fee that will be added to the total cost of the project. The contractor's profit is directly linked to the overall cost, ensuring transparency and accountability. 2. Cost Plus Percentage of Cost (CPC) Contract: In this template, the percentage fee is calculated based on the actual cost incurred during the project. The contractor receives a percentage of the project's total expenses as their profit. 3. Guaranteed Maximum Price (GMP) Contract: This contract template sets a maximum limit on the overall project cost. The contractor works to complete the project within this budget, and any cost overruns are the responsibility of the contractor. 4. Cost Plus Fixed Fee (CUFF) Contract: Unlike the percentage-based templates, this contract establishes a fixed fee that the contractor will receive on top of the project's actual cost. This provides certainty to both parties about the contractor's profit. 5. Cost Plus Incentive Fee (CPI) Contract: This type of contract template allows for additional incentives for the contractor if they meet or exceed certain performance targets. The fee structure is a combination of a fixed fee and performance-based incentives. Each of these contract templates offers its own advantages and may be suitable for different project types or client-contractor relationships. It is important to carefully review and customize the chosen template to ensure it accurately reflects the needs and expectations of both parties.
