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  2. Cost-plus contract - Wikipedia

    en.wikipedia.org/wiki/Cost-plus_contract

    Cost plus a fixed-fee (CPFF) contracts pay costs plus a pre-determined fee that was agreed upon at the time of contract formation. Cost-plus-incentive fee (CPIF) contracts have a larger fee awarded for contracts which meet or exceed certain performance goals, for example being on schedule and any cost savings. [1]

  3. Construction contract - Wikipedia

    en.wikipedia.org/wiki/Construction_contract

    In cost plus fixed fee, the owner pays the contractor an agreed amount over and above the documented cost of work. [10] This is a negotiated type of contract where actual and direct costs are paid for and additional fee is given for overhead and profit is normally negotiated among parties.

  4. Guaranteed maximum price - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_Maximum_Price

    A guaranteed maximum price (also known as GMP, not-to-exceed price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract) such that the contractor is compensated for actual costs incurred plus a fixed fee, which is limited to a maximum price. The contractor is responsible for cost overruns greater than the ...

  5. Cost-plus-incentive fee - Wikipedia

    en.wikipedia.org/wiki/Cost-plus-incentive_fee

    The Final Price of the contract is expressed as follows: Final Price = Actual Cost + Final Fee. Note that if Contractor Share = 1, the contract is a Fixed Price Contract; if Contractor Share = 0, the contract is a cost plus fixed fee (CPFF) contract. [4] For example, assume a CPIF with: Target Cost = 1,000; Target Fee = 100; Benefit/Cost ...

  6. Building vs. Buying in 2024: States for Cost-Effective ... - AOL

    www.aol.com/building-vs-buying-2024-states...

    Look at land costs, construction prices and design fees in your target area. Sometimes the smartest move isn’t the obvious one. Editor’s note: Average house prices were sourced from Zillow and ...

  7. Fixed-price contract - Wikipedia

    en.wikipedia.org/wiki/Fixed-price_contract

    This contract type may be contrasted with a cost-plus contract, which is intended to cover the costs incurred by the contractor plus an additional amount for profit, and with time-and-materials contracts and labor-hour contracts. [1] Fixed-price contracts are one of the main options available when contracting for supplies to governments.

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