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1. Parties: Identification of the contracting parties, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, including project overview and reasons for choosing a cost-plus arrangement
3. Definitions: Detailed definitions of key terms, especially those related to costs, markup, and reimbursable expenses
4. Scope of Work: Detailed description of the contractor's services and deliverables
5. Cost Definition and Categories: Clear definition of allowable costs, direct costs, indirect costs, and excluded costs
6. Markup Structure: Specification of the agreed markup percentage and its application
7. Payment Terms: Payment schedule, invoicing requirements, and payment approval process
8. Cost Verification and Audit Rights: Client's rights to verify costs and conduct audits
9. Record Keeping Requirements: Contractor's obligations regarding maintenance and submission of cost records
10. Project Management: Management structure, reporting requirements, and communication protocols
11. Timeline and Milestones: Project schedule, key milestones, and completion dates
12. Quality Standards: Required quality standards and inspection procedures
13. Warranties and Guarantees: Contractor's warranties regarding workmanship and materials
14. Insurance and Liability: Insurance requirements and allocation of risks
15. Termination: Grounds and procedures for contract termination
16. Governing Law and Dispute Resolution: Applicable law and procedures for resolving disputes
1. Performance Incentives: Optional bonus structure for achieving cost savings or early completion, used when parties want to incorporate performance-based incentives
2. Guaranteed Maximum Price: Optional cap on total costs, used when client requires cost certainty
3. Specialized Equipment: Provisions for specialized equipment procurement and usage, included when project requires specific equipment
4. Subcontractor Management: Detailed procedures for subcontractor engagement and management, required when subcontracting is anticipated
5. Environmental Compliance: Specific environmental requirements and procedures, included for projects with significant environmental impact
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant for long-term or high-risk projects
7. Intellectual Property Rights: IP ownership and licensing provisions, needed when project involves creation of intellectual property
8. Security Requirements: Special security measures and clearances, included for sensitive or secure facilities
1. Schedule A - Detailed Scope of Work: Comprehensive technical specifications and work requirements
2. Schedule B - Cost Categories and Markup Calculation: Detailed breakdown of cost categories and markup calculation methodology
3. Schedule C - Rate Card: Standard rates for labor, equipment, and materials
4. Schedule D - Project Timeline: Detailed project schedule with milestones and deadlines
5. Schedule E - Required Insurance Coverage: Specific insurance requirements and coverage limits
6. Schedule F - Key Personnel: List of key personnel and their roles/responsibilities
7. Schedule G - Quality Control Plan: Detailed quality control procedures and standards
8. Schedule H - Health and Safety Plan: Safety procedures and compliance requirements
9. Appendix 1 - Cost Reporting Ƶ: Standard forms for cost reporting and documentation
10. Appendix 2 - Change Order Procedures: Detailed procedures for handling changes and variations
Construction
Engineering
Infrastructure Development
Manufacturing
Industrial Projects
Energy
Oil & Gas
Renewable Energy
Technology Implementation
Research & Development
Facility Management
Marine & Offshore
Legal
Finance
Procurement
Operations
Project Management
Commercial
Risk & Compliance
Quality Assurance
Construction Management
Contract Administration
Project Manager
Construction Manager
Contract Administrator
Commercial Director
Procurement Manager
Legal Counsel
Finance Director
Cost Controller
Operations Manager
Quality Assurance Manager
Risk Manager
Site Supervisor
Chief Financial Officer
Technical Director
Compliance Officer
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