Contract

Union Contracts Labor Costs May Be Affected
A union contract suggests that labor costs may be significantly impacted, and it’s not just about wages. It’s a complex ...

Cost-Plus Contracts They Encourage Contractors to Party Hard
A major problem with cost-plus contracts is that they – Cost-plus contracts: They Encourage Contractors to Party Hard. Imagine this: ...

Cost-Reimbursement Contracts A High-Risk, High-Reward Approach
A cost-reimbursement contract, as the name suggests, is a contractual arrangement where one party, the buyer, agrees to reimburse the ...

A General Contracting Firm Experiences Cost Overruns On Projects
The phrase “a general contracting firm experiences cost overruns on projects” may seem like a simple statement, but it hides ...

Forward Cash Contracts Expect Commission Fees
A forward cash contract will have commission fees, a reality that can significantly impact the profitability of your trades. Forward ...

Fee for Service Contracts A Guide to Understanding and Managing Them
A fee for sercie contract – A fee for service contract is a legally binding agreement between two parties where ...

A Cost Plus Contract Means Understanding the Basics
A cost plus contract means you’re basically saying, “Hey, I’m not sure how much this project is gonna cost, but ...

A Cost-Plus-Percentage-Fee Contract Is a Risk-Sharing Deal
A cost-plus-percentage-fee contract is a _____ points 5 – A cost-plus-percentage-fee contract is a risk-sharing deal where the contractor gets ...

A Contingency Fee Contract Understanding Legal Fees
A contingency fee contract, a unique arrangement in the legal world, offers a potential path to justice for individuals who ...
A Cost Plus Incentive Fee Contract Characteristics and Insights
A cost plus incentive fee contract has the following characteristics, and it’s basically like this: imagine you’re hiring a contractor ...