Construction Contract Cost Plus or Fixed Fee - Maine 2025

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This document is a construction contract between a Contractor and an Owner, outlining the terms and conditions for a construction project. It details the scope of work, time of completion, payment structure, responsibilities regarding permits and soil conditions, insurance requirements, and procedures for changes to the scope of work. Additionally, it includes clauses on dispute resolution, warranty provisions, and consumer rights in Maine regarding home construction. The contract emphasizes the importance of written agreements and provides guidance on contractor selection.

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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, in the designated fields.
In the 'SCOPE OF WORK' section, clearly describe the project specifications and attach any relevant drawings or documents.
Specify the 'WORK SITE' address where the construction will take place, ensuring accuracy for legal purposes.
Set a timeline for project commencement and completion in the 'TIME OF COMPLETION' section.
Indicate whether you are using a 'COST PLUS' or 'FIXED FEE' payment structure and fill in the corresponding amounts.
Review all sections for completeness and accuracy before saving your document.

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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.

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