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Maine Construction Contract Cost Plus or Fixed Fee

Maine Home Construction Contract

Name: Maine Construction Contract Cost Plus or Fixed Fee
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.59 (284 reviews)

Category:

Maine Construction - Contractors

State:

Maine

Control #:

ME-00462

Format:

Instant download

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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 Maine: scope of work, work site, warranty and insurance.

View A11 Affidavit of Attorney in Support of Plaintiff's Objection to Motion for an Extension of Time to Respond

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View A10 Rescission of Trustee's Deed and Reinstatement of Deed of Trust

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View A09 Plaintiff's Objection to Motion for an Extension of Time to Respond to Summary Judgment, and Request for Oral Argument by Telephone Conference

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View A08 Defendant's Motion for an Extension of Time to Respond to Summary Judgment

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View A07 Affidavit in Support of Defendant's Motion for an Extension of Time to Respond to Summary Judgment

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FAQ

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-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.

A cost-plus-fixed-fee contract is a cost-reimbursement 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.

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%.

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.

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 fixed fee contract is a specific type of contract wherein the contractor is paid for the normal expenses for a project, plus an additional fixed fee for their services.

Maine Home Construction Contract

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