COST PLUS CONSTRUCTION CONTRACT
What Is A Cost Plus Construction Contract?
A Construction Cost Plus Contract is an agreement between a contractor and a buyer in which the buyer agrees to cover the actual expenses of the project. Under this contract, a fixed fee will be agreed upon in advance that will cover the contractor’s overhead and profit.
What are the key terms under a Cost Plus Construction Contract?
This Cost Plus Construction Contract will include the following terms:
⇒ The project start date and projected date of completion
⇒ A list of elements or restrictions that the contractor will specify
⇒ Specification of how contractor will be reimbursed for production costs
⇒ The method the contractor will be compensated upon completion of the project
COST PLUS CONSTRUCTION CONTRACT | DETAILS
⇒ Up to 3 FREE Revisions & 24/7 customer care
⇒ Fast & Easy Editing on MS Word Docx.
⇒ OPTIONAL instruction manual included
⇒ In-Text Guidance Notes included
⇒ 30-Day Money Back Guarantee
⇒ Last Review Date: 9 JUNE 2021
⇒ Length: 2 pages (Min.)
⇒ Review Number: 178
⇒ Lawyer Reviewed