Construction Contract Cost Plus or Fixed Fee - Connecticut 2026

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  1. Click ‘Get Form’ to open the Construction Contract in the editor.
  2. Begin by filling in the Contractor and Owner details, including names and addresses, in the designated fields at the top of the form.
  3. In the 'SCOPE OF WORK' section, clearly describe the project specifications and attach any relevant drawings or documents that outline the work to be performed.
  4. Specify the 'WORK SITE' address where construction will take place. Ensure this is accurate to avoid any future disputes.
  5. Indicate the 'TIME OF COMPLETION' by entering start and completion dates. Be mindful of potential delays that may arise.
  6. Choose between 'COST PLUS' or 'FIXED FEE' payment structures and fill in the corresponding amounts for clarity on compensation.
  7. Review all sections for accuracy before signing. Utilize our platform’s features to save your progress and share it with involved parties for review.

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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.
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.
Businesses should use cost-plus contracts when the projects scope or costs are difficult to estimate up front or when flexibility and transparency are important.

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