Tallahassee Florida Construction Contract Cost Plus or Fixed Fee

State:
Florida
City:
Tallahassee
Control #:
FL-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 Florida: scope of work, work site, warranty and insurance.

Free preview
  • 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 Florida Construction Contract Cost Plus Or Fixed Fee?

Regardless of the societal or occupational rank, completing legal documents is a regrettable requirement in the contemporary world. Frequently, it is nearly impossible for an individual without legal training to generate such documents from the ground up, primarily due to the intricate terminology and legal nuances they contain.

This is where US Legal Forms steps in to assist. Our platform offers an extensive inventory of over 85,000 pre-prepared, state-specific documents that cater to nearly any legal situation. US Legal Forms also acts as a valuable tool for associates or legal advisors seeking to enhance their time efficiency using our DIY forms.

Regardless of whether you require the Tallahassee Florida Construction Contract Cost Plus or Fixed Fee or any other documentation that will be acceptable in your jurisdiction, with US Legal Forms, everything is readily accessible to you.

Click 'Buy now' and choose the subscription option that fits you best, using your Log In credentials or register for a new account from scratch.

Select the payment method and proceed to download the Tallahassee Florida Construction Contract Cost Plus or Fixed Fee immediately after the payment has been completed. You’re all set! Now you can either print the document or complete it online. If you encounter any issues retrieving your purchased forms, you can easily access them in the My documents section. Whatever issue you are attempting to address, US Legal Forms is here to support you. Test it out now and witness the benefits firsthand.

  1. Here’s how you can obtain the Tallahassee Florida Construction Contract Cost Plus or Fixed Fee within moments using our reliable service.
  2. If you are currently a subscriber, you can go ahead and Log In to your account to download the necessary document.
  3. However, if you are new to our collection, make sure to follow these steps before acquiring the Tallahassee Florida Construction Contract Cost Plus or Fixed Fee.
  4. Verify that the form you have selected is appropriate for your locality since the laws of one state or region are not applicable to another state or region.
  5. Examine the form and review a brief summary (if available) of scenarios for which the document can be utilized.
  6. If the document you selected does not meet your needs, you can restart the process and search for the required form.

Form popularity

FAQ

Cost-plus contracts are generally used if the party drawing up the contract has budgetary restrictions or if the overall scope of the work can't be properly estimated in advance. In construction, cost-plus contracts are drawn up so contractors can be reimbursed for almost every expense actually incurred on a project.

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.

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.

The cost-plus agreement is a good option when building and design plans are still fluid and time is a crucial factor in getting a project started.

The construction contract price includes the direct project cost including field supervision expenses plus the markup imposed by contractors for general overhead expenses and profit. The factors influencing a facility price will vary by type of facility and location as well.

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.

Advantages and Disadvantages of Using Cost-Plus Contracts They eliminate some risk for the contractor. They allow the focus to shift from the overall cost to the quality of work being done. They cover all the expenses related to the project, so there are no surprises.

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.

What Is a Cost-Plus Contract? A 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.

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.

Interesting Questions

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

Tallahassee Florida Construction Contract Cost Plus or Fixed Fee