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   Cost Plus Construction Contract

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Cost Plus Construction Contract

This agreement is made on {date} between {Company}, hereafter "Company," and {Contractor}, hereafter "Contractor," regarding the {Project Name} (hereafter "Project") construction project:

The Project will begin on {date}. The Contractor will complete the Project no later than {date}.

The Project will include/incorporate the following elements and restrictions:

The Company will reimburse the Contractor for all direct production costs (including labor, materials, studies, risk assessments, drawings, taxes, fees) and {amount} indirect costs (including: overhead, {other}).

The Company will also pay {percentage or flat fee} to the Contractor upon completion of the Project.

The Company {will/will not} pay for changes requested by the Contractor.

The Contractor will furnish careful documentation of all direct and indirect costs. If the Contractor cannot furnish documentation, the Company may dispute the cost.

The Contractor agrees to be detailed, openly communicative, professional, and trustworthy in the construction of this project.

_____________________________________
(Company)

_____________________________________
(Date)

_____________________________________
(Contractor)

_____________________________________
(Date)

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