US Legal Forms
Massachusetts Construction Contract Cost Plus or Fixed Fee

Cost Plus Fixed Fee Contract

Name: Massachusetts Construction Contract Cost Plus or Fixed Fee
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.71 (333 reviews)

Category:

Massachusetts Construction - Contractors

State:

Massachusetts

Control #:

MA-00462

Format:

Instant download

Upgrade to a Package! Contractor Value Package. Sixteen forms you need. Go to Package

Description Cost Plus Construction Contract

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.

View Certificate Form 1-C - To be attached with indictment

View this form

View Certificate Form 1-D - To be attached with warrant certification

View this form

View Certificate Form 1-E - To be attached with indictment certification

View this form

View Application for Requisition - After Conviction - Pages 1-4

View this form

View Certificate Form 2-A - To be used by District Attorney in certification of documents

View this form

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

You are welcome to the most significant legal files library, US Legal Forms. Here you can find any example such as Massachusetts Construction Contract Cost Plus or Fixed Fee forms and save them (as many of them as you want/need to have). Get ready official files with a several hours, rather than days or even weeks, without having to spend an arm and a leg on an legal professional. Get your state-specific form in a few clicks and be assured with the knowledge that it was drafted by our qualified attorneys.

If you’re already a subscribed customer, just log in to your account and click Download near the Massachusetts Construction Contract Cost Plus or Fixed Fee you need. Because US Legal Forms is online solution, you’ll generally have access to your downloaded files, no matter what device you’re using. Find them inside the My Forms tab.

If you don't come with an account yet, just what are you awaiting? Check our instructions listed below to begin:

If this is a state-specific sample, check its applicability in your state.
View the description (if readily available) to learn if it’s the correct example.
See a lot more content with the Preview feature.
If the document fulfills your requirements, just click Buy Now.
To make an account, pick a pricing plan.
Use a credit card or PayPal account to join.
Download the file in the format you want (Word or PDF).
Print out the document and fill it out with your/your business’s information.

As soon as you’ve filled out the Massachusetts Construction Contract Cost Plus or Fixed Fee, send out it to your lawyer for verification. It’s an additional step but a necessary one for being confident you’re entirely covered. Sign up for US Legal Forms now and access a mass amount of reusable samples.

General Contractor Fee Form Rating

4.71

Satisfied(333)

Sample Construction Contract Form popularity

Sample Construction Contract Template Other Form Names

Sample Contract For Construction Sample Cost Plus Construction Contract

FAQ

Disadvantages of cost-plus fixed-fee contracts may include: The final, overall cost may not be very clear at the beginning of negotiations. May require additional administration or oversight of the project to ensure that the contractor is factoring in the various cost factors.

A cost-plus contract, also known as a cost-reimbursement contract, is a form of contract wherein the contractor is paid for all of their construction-related expenses. Plus, the contractor is paid a specific agreed-upon amount for profit.

Determine your COGS (cost of goods sold). For example $40 . Find out your gross profit by subtracting the cost from the revenue. Divide profit by COGS. Express it as a percentage: 0.25 100 = 25% . This is how to find markup... or simply use our markup calculator!

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.

Cost Plus Contract Disadvantages For the buyer, the major disadvantage of this type of contract is the risk for paying much more than expected on materials. The contractor also has less incentive to be efficient since they will profit either way.

A cost plus percentage of cost contract or CPPC is a cost reimbursement contract containing some element that obligates the non-state entity to pay the contractor an amount, undetermined at the time the contract was made and to be incurred in the future, based on a percentage of future costs.

A Cost-Based Pricing Example Suppose that a company sells a product for $1, and that $1 includes all the costs that go into making and marketing the product. The company may then add a percentage on top of that $1 as the "plus" part of cost-plus pricing. That portion of the price is the company's profit.

In the cost plus a percentage arrangement, the contractor bills the client for his direct costs for labor, materials, and subs, plus a percentage to cover his overhead and profit. Markups might range anywhere from 10% to 25%.

Cost Plus Fixed Fee Contract

Description Cost Plus Construction Contract

Cost Plus Construction Contract Template Related forms

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

Show more info

General Contractor Fee Form Rating

Sample Construction Contract Form popularity

Sample Construction Contract Template Other Form Names

FAQ

What is a disadvantage of a cost-plus-fixed-fee contract?

What is included in a cost plus contract?

How do you calculate cost plus percentage?

What is cost plus contract?

What is a cost plus contract what are its disadvantages?

What is a cost plus percentage of cost contract?

What is cost plus pricing example?

What do builders charge for cost plus contracts?

Trusted and secure by over 3 million people of the world’s leading companies