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Construction Cost Plus Contract
1. Parties: Identification of the Owner and Contractor, including full legal names and addresses
2. Background: Context of the agreement and brief description of the construction project
3. Definitions: Definitions of key terms used throughout the agreement, including 'Cost', 'Fee', 'Works', etc.
4. Scope of Works: Detailed description of the construction works to be performed
5. Contractor's Obligations: Core responsibilities of the contractor including quality standards, compliance requirements, and project management
6. Owner's Obligations: Core responsibilities of the owner including site access, permits, and information provision
7. Cost Definition and Structure: Detailed breakdown of what constitutes 'Cost' under the agreement
8. Fee Calculation and Payment: Structure of the contractor's fee, including percentage or fixed fee arrangement
9. Payment Terms: Payment schedule, invoicing requirements, and payment processing procedures
10. Project Timeline: Construction schedule, milestones, and completion dates
11. Changes and Variations: Process for handling changes to scope, cost, or timeline
12. Quality Control: Quality standards, inspection procedures, and acceptance criteria
13. Health and Safety: Safety requirements and responsibilities in accordance with Danish regulations
14. Insurance and Liability: Required insurance coverage and allocation of risks
15. Termination: Grounds and procedures for contract termination
16. Dispute Resolution: Procedures for resolving disputes, including reference to Danish law
17. General Provisions: Standard legal provisions including notices, amendments, and governing law
1. Environmental Requirements: Specific environmental obligations and sustainability requirements, included when project has significant environmental impact
2. Financing Arrangements: Special provisions related to project financing, included when external financing is involved
3. Subcontracting: Rules and procedures for subcontractor engagement, included when subcontracting is permitted
4. Performance Guarantees: Specific performance guarantees and associated penalties, included for complex or high-value projects
5. Value Engineering: Provisions for cost optimization and value engineering proposals, included for larger projects
6. Public Authority Requirements: Special provisions for public projects, included when public authorities are involved
7. Force Majeure: Detailed force majeure provisions, included when standard provisions need enhancement
1. Schedule 1 - Detailed Scope of Works: Comprehensive technical specifications and drawings
2. Schedule 2 - Cost Breakdown Structure: Detailed breakdown of cost categories and items included in the cost-plus calculation
3. Schedule 3 - Fee Calculation Method: Detailed methodology for calculating the contractor's fee
4. Schedule 4 - Project Timeline: Detailed construction schedule with milestones and critical path
5. Schedule 5 - Key Personnel: List of key personnel from both parties with roles and responsibilities
6. Schedule 6 - Required Insurance: Detailed insurance requirements and coverage levels
7. Schedule 7 - Quality Management Plan: Detailed quality control procedures and standards
8. Schedule 8 - Health and Safety Plan: Detailed safety procedures and requirements
9. Schedule 9 - Forms and Templates: Standard forms for change orders, payment applications, and other project documents
10. Schedule 10 - Permits and Approvals: List of required permits and responsible parties
Authors
Affiliate
Applicable Laws
Approved
Architect
As-Built Documents
Background IP
Base Fee
Business Day
Certificate of Completion
Change Order
Commencement Date
Completion Date
Confidential Information
Construction Documents
Construction Equipment
Construction Schedule
Consultant
Contract Documents
Contract Sum
Contractor
Contractor's Fee
Cost of the Work
Defects
Deliverables
Design Documents
Direct Costs
Effective Date
Equipment
Extension of Time
Final Completion
Force Majeure Event
General Conditions
Good Industry Practice
Guaranteed Maximum Price
Indirect Costs
Intellectual Property Rights
Key Personnel
Materials
Milestone
Notice
Owner
Owner's Representative
Overhead Costs
Payment Application
Performance Standards
Permits
Project
Project Manager
Project Schedule
Project Site
Quality Management Plan
Reimbursable Costs
Safety Plan
Scope of Work
Services
Subcontractor
Substantial Completion
Success Fee
Supplier
Technical Specifications
Time for Completion
Variation
Works
Contract Documents
Scope of Work
Cost Definition
Contractor's Fee
Payment Terms
Cost Verification
Project Management
Construction Schedule
Quality Control
Health and Safety
Site Access and Conditions
Materials and Equipment
Subcontracting
Changes and Variations
Extensions of Time
Testing and Inspection
Completion and Handover
Defects Liability
Insurance
Indemnification
Force Majeure
Suspension
Termination
Intellectual Property
Confidentiality
Warranties
Dispute Resolution
Governing Law
Assignment
Notices
Record Keeping
Environmental Compliance
Permits and Approvals
Labor Requirements
Performance Security
Risk Allocation
Compliance with Laws
Progress Reporting
Cost Audit Rights
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