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Cost Plus General Contractor Agreement

septiembre 16, 2021 By: admin Category: Sin categoría

A Cost Plus contract can be used if the budget is limited or if there is a high probability that the actual costs will be reduced. Variable costs and fee contracts: FindHomebuilding describes a variant of the fixed cost-plus royalty contract as a variable pricing agreement that allows the owner and contractor to share any savings. However, as with all matters of payment for construction, cost-plus contracts are not as simple as they seem. Keep reading as we discuss the pros and cons of cost-plus/refund contracts. Before it can lead to a breach of the fiduciary duty, there must be, among other things, either a fiduciary relationship or a confidential relationship. Some recognized relationships, such as the relationship between an agent and a beneficiary, lead to general trust obligations.

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