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Cost Fee Contract. Infra Construction completed the project in 11 months and hence. Let us understand the cost-plus contract with a small example.
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Contractor shall receive as compensation a fee equal to _____ percent ____ of the Project Cost which said term is defined herein below incurred in. Owners Name Address Phone Number And the Contractor. 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.
Let us understand the cost-plus contract with a small example.
There is a ceiling. Reimbursement however is not unlimited. Example of Cost-Plus Contract. The contractor is not paid solely for the costs but is also guaranteed an additional payment.
