Cost-plus contracts have some benefits for both project owners and contractors. Advantages of cost-plus contracts: Generally speaking, project owners who are more c… See more

Nonetheless, cost-plus contracts present some disadvantages for the parties involved — though these can usually be mitigated with careful contract formation and relatio… See more

Let’s take a closer look at an example of a cost-plus contract for a hypothetical construction project. A property development company approaches Greene Constructio… See more

Many owners and contractors rely on the A103, a sample cost-plus contract produced by the American Institute of Architects (AIA). This template provides the basic struct… See more