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Cost Plus Percentage Contract

Date:

Construction Company

Address:

Owner:

Address:

Phone Number:

Project name:

This agreement is made this _____ day of _____, 20 _. between _____________, the owner, and _____________, the contractor. The owner and the contractor agree as set forth below:

1. The contractor accepts the relationship of trust and confidence established between his company and the owner by this agreement. He covenants with the owner to furnish his best skill and judgment in furthering the interest of the owner. He agrees to furnish efficient business admini- stration and supervision and to use his best efforts to furnish at all times an adequate supply of workers and materials, and to perform the work in a most expeditious, economical and workmanlike manner.

2. The work to be performed under this contract shall commence __________.

The contractor shall use his best efforts to complete said work of improvement on or before _________.

3. The owner agrees to reimburse the contractor for the direct "cost of the work" as defined in paragraph 6 below. Such reimbursement shall be in addition to the contractor's fee stipulated in paragraph 4.

4. In consideration of the performance of the contract, the owner agrees to pay the contractor as compensation for his services a contractor's fee as follows:

(Excerpt)

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