Home
Forms Library
Cost plus contract template

Construction Contract Cost Plus or Fixed Fee - Florida 2025

cost plus contract template Preview on Page 1

See details

4.4 out of 5

36 votes

The document outlines Florida's Construction Lien Law, which allows unpaid contractors, subcontractors, and material suppliers to file liens against a property for unpaid work or materials. It emphasizes the importance of obtaining written releases of lien before making payments to contractors. Additionally, it includes details about the Florida Homeowners' Construction Recovery Fund for homeowners who suffer financial losses due to contractor violations. The document also contains a construction contract template that specifies the scope of work, payment terms, completion timelines, and legal obligations of both parties involved in a construction project.

Here's how it works

01. Edit your cost plus contract template online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send cost plus home construction via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Construction Contract Cost Plus or Fixed Fee - Florida

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by entering the Contractor's name and address in the designated fields. This identifies who will be performing the work.
Next, fill in the Owner's name and address. This ensures that both parties are clearly defined in the contract.
In the 'Scope of Work' section, describe all labor and materials required for the project. Be specific about what is included to avoid misunderstandings.
Specify the 'Work Site' location where construction will take place. Accurate details help prevent disputes regarding property boundaries.
Indicate the 'Time of Completion' by filling in start and completion dates. This sets clear expectations for project timelines.
Choose between 'Cost Plus' or 'Fixed Fee' payment structures and enter relevant amounts. Ensure clarity on how payments will be made throughout the project.
Review all sections for accuracy before saving your changes. Utilize our platform’s features to sign and share your completed contract easily.

Start using our platform today to streamline your construction contract process for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

When to use a cost-plus fixed fee contract?

These contracts are commonly used in research, development, and technical service projects, where precise costs are difficult to estimate in advance.

What are the disadvantages of a cost plus fee contract?

Here are some of the disadvantages businesses should consider: Risk of cost overruns: Because the client agrees to reimburse all costs, theres a risk that the project will go over budget. If the contractor isnt managing expenses well, the client will end up paying the bill.

Which is an advantage of the cost-plus fixed-fee contract?

Benefits of a cost-plus fixed-fee contract They allow you to explore and adjust the scope, unlike firm-fixed-price contracts. CPFF contracts foster better communication between clients and contractors, especially when both parties must work closely to guarantee contract performance.

When to use cost-plus fixed-fee?

A cost-plus contract reimburses contractors for project costs plus either a percentage or fixed fee, which they take as profit. This type of contract is favored by contractors because of the flexibility they offer. This makes them ideal for projects where the scope is unclear and subject to change.

What percentage do contractors charge for cost-plus?

Most contracts have a cost-plus fee scale of 10-25%. A contractor would use takeoff software to calculate the materials costs, but they wouldnt need to be exact. Some companies use a cost-plus-fixed-fee (CPFF) instead of a percentage.

cost plus building contract template

Construction contract cost plus or fixed fee florida pdf Construction contract cost plus or fixed fee florida 2021

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

Cost plus construction contracts offer advantages like transparency, flexibility, and reduced contractor risk. They also come with drawbacks, including uncertain pricing, a higher administrative workload, and a greater risk of disputes.

When would you use a cost-plus contract?

Construction project owners may employ this type of contract when they want to get a project moving quickly or when the scope of work is unclear, making it difficult to estimate the total cost. That said, the total price for a cost-plus contract may ultimately be higher than it would be with other contract types.

What is a cost-plus construction contract in Florida?

Cost-plus means the owner pays the contractor for actual project costs, plus a profit fee. Project owners use this contract type when projects have uncertain scopes. A cost-plus construction loan finances these projects, requiring detailed expense documentation.