Cost Plus Contract For Renovation

State:
Massachusetts
Control #:
MA-00462
Format:
Word; 
Rich Text
Instant download

Description

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 Massachusetts: scope of work, work site, warranty and insurance.
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  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee
  • Preview Construction Contract Cost Plus or Fixed Fee

How to fill out Massachusetts Construction Contract Cost Plus Or Fixed Fee?

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FAQ

8 Things Every Remodeling Contract Should HaveScope of Work, Selection Sheet and Drawings.License Number and Insurance.Description of Change Orders.Warranty information.Subcontractor Agreements.Payment schedule.Completion Schedule / Timeline.Clauses Required by Law.

Cost plus percentage of cost is a method contractors often use to price services. This type of contract specifies that the buyer must pay all the project costs incurred by the seller, plus an additional amount for profit.

What Your Remodeling Contract Should SayCheck Contract Basics. The basic job of a contractor agreement is to spell out the scope of the project's work.Set a Payment Schedule.Schedule Start and End Dates.Specify Change Orders.Research Your Arbitration Options.Turn Down the Contractor's Warranty.

Although there is no industry standard, the "plus" part of cost-plus contracts is usually in the range of 10 to 20 percent of the project's total cost.

plus contract is one in which the contractor is paid for all of a project's expenses plus an additional fee for the job. The additional fee is intended to be the contractor's profit.

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Cost Plus Contract For Renovation