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Construction cost plus contract template

Construction Contract Cost Plus or Fixed Fee - Utah 2026

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This document is a Construction Contract between a Contractor and an Owner, outlining the terms for the construction of a project. It details the scope of work, time of completion, responsibilities regarding permits and soil conditions, payment structure, changes to the scope of work, insurance requirements, and conditions for termination. The contract emphasizes that any modifications must be documented through Change Orders and establishes guidelines for handling delays, damages, and legal disputes.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the Contractor and Owner details, including names and addresses. This establishes the parties involved in the contract.
In the 'SCOPE OF WORK' section, clearly describe the project, referencing any drawings or specifications that outline the work to be done.
Specify the 'WORK SITE' address where construction will take place. Ensure this is accurate for legal purposes.
Set a timeline in the 'TIME OF COMPLETION' section, indicating when work will start and when substantial completion is expected.
Choose between 'COST PLUS' or 'FIXED FEE' payment structures in the 'CONTRACT PRICE' section, entering relevant amounts as needed.
Review all sections for accuracy and completeness before saving your document. Utilize our platform’s features to sign and share your completed contract effortlessly.

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

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.

Is cost-plus percentage of cost illegal?

Breadcrumb. A form of contract formerly used but now illegal for use by DoD that provided for a fee or profit as a specified percentage of the contractors actual cost of accomplishing the work to be performed. Sometimes referred to as a cost plus or percentage of cost contract.

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.

What is cost-plus percentage of cost contracts?

Typically, under this contract type, the amount the homeowner will have to pay will be the actual costs incurred by the contractor (e.g. the amount a building contractor pays for materials and to their subcontractors) plus a percentage of those costs, or an added fee, to cover the contractors overheads and profit.

What is the margin on a cost-plus contract?

For cost-plus contracts (where the client agrees to pay all costs, plus a specific percentage margin to the builder), a common practice is costs plus 15 to 20 per cent margin, although there are some contracts which include a margin as small as 5 per cent. The builders margin may also be a fixed amount.

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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.

What percentage do contractors charge for cost-plus?

Many Cost-Plus Percentage Builders charge 20%30% for overhead costs. In the example above, if the cabinets come in 5K over budget and the plumbers come in 5K over budget, the client ends up spending an additional 12K the extra 2K being the builders fee.

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.

Construction Contract Cost Plus or Fixed Fee - Utah 2026

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