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 Nevada: scope of work, work site, warranty and insurance. This form is designed for use with spa or swimming pool construction.
Clark Nevada Construction is a reputable construction company that offers two main types of contracts to its clients: Cost Plus and Fixed Fee. These contracts are designed to provide clients with flexibility and transparency in managing construction project costs. Here, we will provide a detailed description of each contract type. 1. Clark Nevada Construction Cost Plus Contract: The Cost Plus contract is a type of agreement where the client agrees to reimburse the contractor for all project-related expenses, including labor, materials, equipment, and any other costs incurred during the construction process. In this contract, Clark Nevada Construction charges a predetermined percentage or fee on top of all costs as compensation for their services. One of the key advantages of the Cost Plus contract is its transparency. The client can have a clear view of all project costs, as all expenses are disclosed and justified. This allows for better control and decision-making throughout the construction process. Additionally, it promotes a collaborative relationship between the client and the contractor, as they work together to ensure project completion within budget and on time. 2. Clark Nevada Construction Fixed Fee Contract: The Fixed Fee contract, also known as the lump sum contract, is a different type of contract that offers clients a predetermined price for the entire construction project. In this arrangement, Clark Nevada Construction provides a detailed quote stating the total cost of the project, including all labor, materials, and other necessary expenses. The Fixed Fee contract provides clients with cost certainty, as they have a clear understanding of the total project cost from the beginning. It eliminates the potential risks of unexpected expenses and allows for better financial planning. Additionally, it simplifies the payment process, as the client pays a fixed amount at regular intervals or upon project completion. It is worth noting that within the Cost Plus and Fixed Fee contracts, there may be variations or subcategories. Some of these include: a. Guaranteed Maximum Price (GMP) Contract: This variant of the Cost Plus contract includes a mutually agreed-upon maximum price that the client will pay, regardless of the actual costs incurred. It provides cost assurance for the client while still offering the benefits of a Cost Plus contract. b. Unit Price Contract: This contract type is often used when the scope of work is not precisely defined. The contractor and the client agree on a specific price per unit of work, such as per square foot or per unit installed. In summary, Clark Nevada Construction offers clients the flexibility to choose between Cost Plus and Fixed Fee contracts. The Cost Plus contract ensures transparency by reimbursing all project expenses, while the Fixed Fee contract provides clients with a predetermined price for the entire project. Both options have their advantages and can be tailored to meet specific project requirements.Clark Nevada Construction is a reputable construction company that offers two main types of contracts to its clients: Cost Plus and Fixed Fee. These contracts are designed to provide clients with flexibility and transparency in managing construction project costs. Here, we will provide a detailed description of each contract type. 1. Clark Nevada Construction Cost Plus Contract: The Cost Plus contract is a type of agreement where the client agrees to reimburse the contractor for all project-related expenses, including labor, materials, equipment, and any other costs incurred during the construction process. In this contract, Clark Nevada Construction charges a predetermined percentage or fee on top of all costs as compensation for their services. One of the key advantages of the Cost Plus contract is its transparency. The client can have a clear view of all project costs, as all expenses are disclosed and justified. This allows for better control and decision-making throughout the construction process. Additionally, it promotes a collaborative relationship between the client and the contractor, as they work together to ensure project completion within budget and on time. 2. Clark Nevada Construction Fixed Fee Contract: The Fixed Fee contract, also known as the lump sum contract, is a different type of contract that offers clients a predetermined price for the entire construction project. In this arrangement, Clark Nevada Construction provides a detailed quote stating the total cost of the project, including all labor, materials, and other necessary expenses. The Fixed Fee contract provides clients with cost certainty, as they have a clear understanding of the total project cost from the beginning. It eliminates the potential risks of unexpected expenses and allows for better financial planning. Additionally, it simplifies the payment process, as the client pays a fixed amount at regular intervals or upon project completion. It is worth noting that within the Cost Plus and Fixed Fee contracts, there may be variations or subcategories. Some of these include: a. Guaranteed Maximum Price (GMP) Contract: This variant of the Cost Plus contract includes a mutually agreed-upon maximum price that the client will pay, regardless of the actual costs incurred. It provides cost assurance for the client while still offering the benefits of a Cost Plus contract. b. Unit Price Contract: This contract type is often used when the scope of work is not precisely defined. The contractor and the client agree on a specific price per unit of work, such as per square foot or per unit installed. In summary, Clark Nevada Construction offers clients the flexibility to choose between Cost Plus and Fixed Fee contracts. The Cost Plus contract ensures transparency by reimbursing all project expenses, while the Fixed Fee contract provides clients with a predetermined price for the entire project. Both options have their advantages and can be tailored to meet specific project requirements.
