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28 Unique Cost Plus Contractor Agreement
. all about cost plus contracts thebalancesmb cost plus incentive fee incentive fees are based on the contractor s performance and are set under the contract provisions the amount and type of incentive may be based on the project goals or schedule deadlines cost plus percentage contract construction forms cost plus percentage contract continued 8 all portions of the work that contractor s employees cannot perform directly shall be performed under general contractor agreement make a general contractor agreement cost plus fee in minutes hammer out an agreement that protects you and your project create now cost plus contract investopedia the cost plus contract pays the builder for direct costs and indirect or overhead costs all expenses must be supported by documentation of the contractor’s spending cost plus contract a cost plus contract also termed a cost reimbursement contract is a contract where a contractor is paid for all of its allowed expenses plus additional payment to allow for a profit cost reimbursement contracts contrast with fixed price contract in which the contractor is paid a negotiated amount regardless of incurred expenses