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2. Cost-plus contract - Wikipedia

   en.wikipedia.org/wiki/Cost-plus_contract

   Cost-plus contract. A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount ...

3. 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

4. Schedule of values - Wikipedia

   en.wikipedia.org/wiki/Schedule_of_values

   A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. The Schedule of Values shall be based on the approved budget or the approved Fixed Price, or GMP, Cost-Plus Contract type as applicable. See the executed contract agreement for ...

5. Fast-track construction - Wikipedia

   en.wikipedia.org/wiki/Fast-track_construction

   The fast-tracking of the project is therefore achieved through the integration of design and construction phases. Fast-track is more difficult to manage than the traditional design–bid–build process. It requires detailed knowledge of the process, effective planning, integrity and close coordination among the organizations executing the work.

6. Construction management - Wikipedia

   en.wikipedia.org/wiki/Construction_management

   Cost plus fee: This contract provides payment for the contractor including the total cost of the project as well as a fixed fee or percentage of the total cost. This contract is beneficial to the contractor since any additional costs will be paid for, even though they were unexpected for the owner. [4] Guaranteed maximum price: This contract is ...

7. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   In cost plus percentage, the owner pays greater than 100 percent of the documented cost, usually requiring detailed expense accounting. [15] In this type of contract, contractor is paid the actual cost of work plus certain percentage as profit. Various contract documents, drawing, specifications are not necessary at the time of signing the ...