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Construction Contract Cost Plus or Fixed Fee Idaho Form

Construction Contract Cost Plus or Fixed Fee Idaho Form

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welcome to county office your ultimate guide to local government services and public records let's get started what is a Cost Plus Construction contract a Cost Plus Construction contract is a specific type of agreement unlike fixed price contracts Cost Plus contracts involve payment of actual costs these costs include labor materials and other expenses additionally a fee or percentage is added to cover the contractor's over head and profit this type of contract is often used when the scope of work is uncertain it allows flexibility in accommodating changes during construction the contractor is reimbursed for all legitimate costs incurred this includes both direct and indirect costs direct costs are expenses directly tied to the project like materials and labor indirect costs cover overhead expenses such as administrative costs the fee added to the actual costs can be a fixed fee or a percentage of the cost a fixed fee remains constant regardless of the project cost a pe

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