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Cost And Fee Contract
"I need a Cost And Fee Contract for a management consulting engagement between our UAE-based consulting firm and a government entity in Dubai, with a base fee structure plus performance bonuses, to commence on March 1, 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided
5. Cost Categories and Recovery: Definition of recoverable costs and their categories
6. Fee Structure: Calculation methodology for fees, including base fees and any variable components
7. Payment Terms: Timing, method, and conditions for payment of costs and fees
8. Reporting and Documentation: Requirements for cost reporting and supporting documentation
9. Audit Rights: Rights and procedures for auditing cost and fee calculations
10. Term and Termination: Duration of the agreement and termination provisions
11. Compliance: Compliance with UAE laws and regulations
12. Dispute Resolution: Process for resolving disputes under UAE law
13. Governing Law: Confirmation of UAE law as governing law
14. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Performance Metrics: Include when fee calculations are linked to performance indicators
2. Cost Caps: Include when there are maximum limits on recoverable costs
3. Currency and Exchange Rates: Include for contracts involving multiple currencies
4. Insurance Requirements: Include when specific insurance coverage is required
5. Confidentiality: Include when handling sensitive cost/pricing information
6. Force Majeure: Include when specific force majeure provisions affect cost recovery
7. Third Party Costs: Include when third party costs may be passed through
8. Tax Provisions: Include detailed tax handling when complex tax implications exist
1. Schedule 1 - Detailed Cost Categories: Comprehensive list and description of all recoverable cost categories
2. Schedule 2 - Fee Calculation Methodology: Detailed explanation of fee calculation formulas and examples
3. Schedule 3 - Required Documentation: List of required supporting documents for cost claims
4. Schedule 4 - Reporting Templates: Standard templates for cost and fee reporting
5. Schedule 5 - Rate Card: Standard rates for various services or personnel categories
6. Schedule 6 - Performance Metrics: Detailed performance indicators if linked to fee calculation
7. Appendix A - Invoice Format: Required format for invoices and supporting documentation
8. Appendix B - Approval Process: Flowchart and description of cost approval process
Authors
Applicable Law
Approved Budget
Base Fee
Business Day
Client
Commencement Date
Confidential Information
Contract Period
Cost Categories
Direct Costs
Effective Date
Fee Schedule
Force Majeure Event
Indirect Costs
Invoice
Key Personnel
Milestone
Notice
Overhead Costs
Payment Period
Performance Metrics
Project
Recoverable Costs
Reimbursable Expenses
Services
Service Provider
Success Fee
Supporting Documentation
Term
Termination Date
UAE
Variable Fee
Work Product
Scope of Services
Term and Duration
Cost Recovery
Fee Calculation
Payment Terms
Invoicing
Audit Rights
Performance Standards
Documentation Requirements
Reporting Obligations
Confidentiality
Intellectual Property
Liability and Indemnification
Insurance
Force Majeure
Termination
Dispute Resolution
Governing Law
Assignment
Subcontracting
Notices
Amendments
Entire Agreement
Severability
Waiver
Compliance with Laws
Anti-Corruption
Data Protection
Record Keeping
Personnel Requirements
Quality Assurance
Change Control
Force Majeure
Third Party Rights
Professional Services
Construction and Engineering
Management Consulting
Information Technology
Oil and Gas
Legal Services
Financial Services
Project Management
Healthcare
Education and Training
Legal
Finance
Operations
Commercial
Procurement
Compliance
Project Management
Risk Management
Business Development
Contract Administration
Contract Manager
Legal Counsel
Finance Director
Project Manager
Commercial Director
Chief Financial Officer
Operations Manager
Procurement Manager
Cost Controller
Compliance Officer
Account Manager
Business Development Manager
Risk Manager
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