Construction Contract Cost Plus or Fixed Fee - Oregon 2025

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This document is a comprehensive construction contract between a contractor and an owner, detailing the terms of construction services for a residential project. It includes sections on the scope of work, time of completion, permits, insurance, changes to the scope of work, payment terms, and responsibilities regarding soil conditions and property boundaries. Additionally, it incorporates various legal notices required by Oregon law to protect homeowners' rights regarding construction liens and outlines procedures for dispute resolution. The contract emphasizes the importance of written agreements for any changes and provides guidelines for maintenance and warranty obligations.

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Click ‘Get Form’ to open the Construction Contract Cost Plus or Fixed Fee - Oregon in the editor.
Begin by filling in the Contractor and Owner details at the top of the form, including names and addresses.
In the 'List of Documents' section, ensure all required documents are checked off as incorporated into the contract.
Clearly define the 'Scope of Work' by detailing the project description, including drawings and specifications.
Specify the 'Work Site' address accurately to avoid any confusion regarding where the project will take place.
Fill in the 'Time of Completion' section with start and completion dates, noting any potential delays that may occur.
Choose between 'Cost Plus' or 'Fixed Fee' payment structures and fill in corresponding amounts in the 'Contract Price' section.
Review all sections for accuracy before saving your changes. Utilize our platform's features to sign and distribute your completed contract easily.

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

What is the difference between a cost-plus and a fixed-price contract?

A cost-plus contract is a construction agreement that requires reimbursement for project costs as well as a markup that covers the contractors overhead and profit. In other words, the name is a short-hand way of remembering what the contract covers: project costs plus contractor markup.

What is the difference between a cost-plus and a fixed price construction contract?

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.

What percentage do contractors charge for cost-plus?

Cost-plus contracts reduce risk for contractors but can increase costs for clients if not managed properly.