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 Texas: scope of work, work site, warranty and insurance.
Fort Worth Texas Construction Contract Cost Plus or Fixed Fee
Category:
State:
Texas
City:
Fort Worth
Control #:
TX-00462
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Texas Construction Contract Cost Plus Or Fixed Fee?
If you are looking for a pertinent form, it’s challenging to find a superior site than the US Legal Forms platform – one of the most comprehensive libraries on the web.
With this collection, you can access a vast array of form examples for business and personal uses categorized by types and regions, or keywords.
With the high-quality search feature, locating the latest Fort Worth Texas Construction Contract Cost Plus or Fixed Fee is as simple as 1-2-3.
Complete the transaction. Utilize your credit card or PayPal account to finalize the registration process.
Acquire the template. Select the file format and download it onto your device.
- Moreover, the accuracy of every document is verified by a team of professional attorneys who frequently assess the templates on our site and update them in accordance with the most recent state and county regulations.
- If you are already familiar with our platform and have an active account, all you need to acquire the Fort Worth Texas Construction Contract Cost Plus or Fixed Fee is to Log In to your user profile and hit the Download button.
- If this is your first time using US Legal Forms, simply follow the instructions below.
- Ensure you have accessed the sample you need. Review its details and use the Preview feature (if available) to check its content. If it does not meet your requirements, use the Search box at the top of the webpage to find the necessary document.
- Verify your choice. Click the Buy now button. After that, select your desired subscription plan and provide details to create an account.
Form popularity
FAQ
From Longman Business Dictionary ?fixed ?fee (also flat fee) countable a set amount paid for work or a service, that does not change with the time the work takes or the amount the service is usedQuebec doctors get a fixed fee for each medical service performed.
plusfixedfee contract is a costreimbursement 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.
Cost-plus contracts are majorly found in the construction industry where the contractor is reimbursed the number of expenditures made for the contract and fixed percentage fees of the contract cost as the profit made on the contract.
Cost plus fixed fee contracts can be used when both the contractor and the owner agree that the contractor is entitled to a fee in addition to the project expenses.
plus contract is one in which the contractor is paid for all of a project's expenses plus an additional fee for the job.
A CPPC contract is one that is structured to pay the contractor his actual costs incurred on the contract plus a fixed percent for profit or overhead (that is not audited/adjusted) and which is applied to actual costs incurred.
Budget: A fixed-price contract is just that: fixed. The agreed-on price at the beginning of the project is the price at the end. Conversely, a cost-plus contract estimates a project's costs but doesn't set the final price until the project is completed.
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.
The specific contract types range from firm-fixed-price, in which the contractor has full responsibility for the performance costs and resulting profit (or loss), to cost-plus-fixed-fee, in which the contractor has minimal responsibility for the performance costs and the negotiated fee (profit) is fixed.
Unlike a fixed-cost construction contract, a cost-plus construction agreement is a contract in which the owner pays the contractor the actual costs of the materials and labor plus an additional negotiated fee or percentage over that amount.