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1. Parties: Identification of the contracting parties, including full legal names and addresses
2. Background: Context of the agreement and brief description of the project or services
3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation
4. Scope of Services: Detailed description of the services or works to be performed
5. Term and Commencement: Duration of the contract and conditions for commencement
6. Cost Components: Detailed breakdown of allowable costs, including direct costs, overhead, and other reimbursable expenses
7. Fixed Fee: Specification of the fixed fee amount, payment schedule, and any conditions affecting the fee
8. Payment Terms: Billing procedures, payment timing, and documentation requirements
9. Cost Verification and Audit Rights: Client's rights to verify costs and conduct audits
10. Contractor's Obligations: Key responsibilities and performance standards
11. Client's Obligations: Client's responsibilities and commitments
12. Record Keeping: Requirements for maintaining cost records and supporting documentation
13. Reporting Requirements: Regular cost reporting and progress updates
14. Variations: Process for managing changes to scope or costs
15. Termination: Grounds and process for contract termination
16. Dispute Resolution: Process for resolving disagreements
17. General Provisions: Standard contract clauses including notices, assignment, and governing law
1. Performance Incentives: Optional provisions for performance bonuses or incentives, used when specific project targets are critical
2. Cost Savings Sharing: Mechanism for sharing cost savings, included when encouraging contractor efficiency
3. Provisional Sums: Handling of uncertain cost elements, used when some costs cannot be accurately predicted
4. Subcontracting: Rules for engaging subcontractors, included when subcontracting is anticipated
5. Insurance Requirements: Specific insurance obligations, detailed section needed for high-risk projects
6. Security Provisions: Requirements for performance bonds or other security, used for high-value contracts
7. Intellectual Property: IP rights and obligations, included when IP creation is part of the services
8. Confidentiality: Detailed confidentiality obligations, used when sensitive information is involved
1. Schedule 1: Scope of Services: Detailed description of services, including technical specifications and requirements
2. Schedule 2: Fee Calculation: Detailed breakdown of the fixed fee and methodology for calculating reimbursable costs
3. Schedule 3: Allowable Costs: Comprehensive list of costs that qualify as reimbursable under the contract
4. Schedule 4: Key Personnel: List of key personnel and their roles, including any minimum qualification requirements
5. Schedule 5: Reporting Ƶ: Standard forms for cost reporting and progress updates
6. Schedule 6: Rate Schedule: Agreed rates for labor, equipment, and materials
7. Schedule 7: Project Timeline: Project milestones and completion dates
8. Appendix A: Cost Verification Procedures: Detailed procedures for cost verification and audit processes
9. Appendix B: Required Documentation: List of required supporting documents for cost claims
10. Appendix C: Insurance Certificates: Copies of required insurance certificates and coverage details
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