Home
Forms Library
Fixed price contract example construction

Construction Contract Cost Plus or Fixed Fee - Maryland 2025

fixed price contract example construction Preview on Page 1

See details

4.4 out of 5

50 votes

The document is a construction contract between a contractor and a homeowner, outlining the terms and conditions for a home improvement project. It includes details on the scope of work, payment structure, completion timeline, responsibilities regarding permits and soil conditions, insurance requirements, change orders, and dispute resolution. The contract emphasizes the homeowner's rights to rescind within three days and provides information on potential liens against the property.

Here's how it works

01. Edit your fixed price contract example construction 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 fixed price contract example via email, link, or fax. You can also download it, export it or print it out.

How to edit Construction Contract Cost Plus or Fixed Fee - Maryland in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Working on paperwork with our feature-rich and user-friendly PDF editor is easy. Follow the instructions below to fill out Construction Contract Cost Plus or Fixed Fee - Maryland online easily and quickly:

Log in to your account. Log in with your credentials or register a free account to test the service prior to choosing the subscription.
Upload a document. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit Construction Contract Cost Plus or Fixed Fee - Maryland. Quickly add and highlight text, insert images, checkmarks, and signs, drop new fillable fields, and rearrange or delete pages from your document.
Get the Construction Contract Cost Plus or Fixed Fee - Maryland completed. Download your updated document, export it to the cloud, print it from the editor, or share it with others via a Shareable link or as an email attachment.

Make the most of DocHub, the most straightforward editor to promptly handle your documentation online!

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.

What are the advantages of 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.

What is the percentage of cost-plus in construction contracts?

A CPPC contract is one that is structured to pay the contractor his actual costs incurred on the contract plus a fixed percent for profit or overhead (that is not audited/adjusted) and which is applied to actual costs incurred.

When should firms use cost plus pricing?

Cost-plus pricing is most appropriate in industries with stable, identifiable costs or when businesses want to ensure predictable profit margins. It can also be useful in less competitive markets where demand is relatively inelastic.

What is the difference between cost-plus and fixed cost?

A cost plus contract guarantees profit for the contractor. It is stated in the contract that the contractor will be reimbursed for all costs and still generate a profit. Conversely, a fixed price contract establishes a projects price beforehand.

When to use cost-plus fixed fee?

This contract is often used when the scope of the work cannot be precisely defined at the time of the agreement, and there are doubts about potential changes and variations in the course of the project. In a CPFF contract, the buyer agrees to reimburse the supplier for the allowable costs of the project.

When should you use a fixed-price contract?

A fixed-price contract with economic price adjustment may be used when (i) there is serious doubt concerning the stability of market or labor conditions that will exist during an extended period of contract performance, and (ii) contingencies that would otherwise be included in the contract price can be identified and

What are the disadvantages of a cost-plus fee contract?

What are the advantages and disadvantages of a cost-plus 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.

Construction Contract Cost Plus or Fixed Fee - Maryland 2025

Here's how it works