Construction Contract Cost Plus or Fixed Fee - West Virginia: Fill out & sign online

Here's how it works

01. Edit your form 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 it 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 - West Virginia

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 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 to avoid any legal issues.
Set a timeline for completion in the 'TIME OF COMPLETION' section, noting start and end dates.
Indicate whether you are using a 'COST PLUS' or 'FIXED FEE' payment structure and fill in the respective amounts.
Review all sections for accuracy before signing. Ensure both parties sign and date at the end of the document.

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.

Contact us

What is a cost-plus contract in construction?

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

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 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.

What is a cost-plus fixed fee construction contract?

A cost-plus-fixed-fee contract is a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract.